NZD/USD has broken through the resistance line which it has tested twice in the past. We have seen it retrace from this line before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target level of around 0.6306 may materialize within the next 7 hours.
Related Posts
Big movement possible on USD/CHF after a breach of 0.8968
USD/CHF has broken through a line of 0.8968. If this breakout holds true, we could see the price…
If you’re long USD/JPY you should be aware of the rapidly approaching level of 160.2630
USD/JPY is en route to a very important line that will be a definite deciding factor of what…
We expect a 39 pip movement on USDCHF for the next 2 hours.
We expect USDCHF to trend downwards for the next 2 hours. Based on these past Canada Ivey PMI…