NZD/USD has broken through the support 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 0.6867 may materialize within the next 18 hours.
Related Posts
If you’re short GBPCHF you should be aware that 1.1024 has just been breached – a level tested 5 time in the past
A strong resistance level has been breached at 1.1024 on the 15 Minutes GBPCHF chart. Technical Analysis theory…
EURCHF formed a Triangle on the 4 hour chart. Retest of resistance in sight.
EURCHF is heading towards the resistance line of a Triangle. If this movement continues, the price of EURCHF…
USDCAD moves higher to 1.39202 in the last 18 hours.
For those of you that don’t believe in trends, this may be an opportunity to take advantage of…