NZD/USD has broken through a support line of a Flag and suggests a possible movement to 0.6575 within the next 23 hours. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before taking action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 7 days.
Related Posts
After testing the resistance line numerous times, NZDUSD is once again approaching this line. Can we expect a bullish trend to follow?
NZDUSD is approaching the resistance line of a Channel Up. It has touched this line numerous times in…
It’s time to make a decision on GBPUSD – its recent breach of 1.2556 could be a sign of a new trend to follow.
GBPUSD has broken through a line of 1.2556. If this breakout holds true, we could see the price…
After experiencing a 4.11% bullish move in the space of 32 days, nobody knows where EURAUD is headed.
An unexpected large move has occurred on EURAUD Daily chart beginning at 1.60241 and ending at 1.66819. Is…