The price of NZD/USD in heading back to the resistance area. It is possible that it will struggle to break through it and move back in the other direction. The price may eventually break through, but typically the price retreats from the level a number of times before doing so.
Related Posts
EURCHF is quickly approaching the support line of a Triangle. We expect either a breakout through this line or a rebound.
A Triangle pattern was identified on EURCHF at 0.9297, creating an expectation that it may move to the…
CHFJPY hits 173.7865 after a run of 5 consecutive daily candles spanning 6 days.
Trend followers are probably eagerly watching CHFJPY to see if its latest 5 consecutive candles continues. If not,…
USDCAD – It’s perhaps in these huge moves where the greatest opportunity lies
An unexpected large move has occurred on USDCAD Daily chart beginning at 1.42943 and ending at 1.385975. Is…