The price of NZDUSD 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
Supports and resistances are primary concepts of technical analysis. EURCAD is heading for an important price of 1.4871 – read about what this could mean for the future.
EURCAD is approaching a support line at 1.4871. If it hits the support line, it may break through…
AUDUSD moves lower to 0.62433 in the last 26 days.
AUDUSD hits 0.62433 after a 4.12% move spanning 26 days.
GBPUSD through 1.2532376923076922. Is this a confirming a breakout? Will it continue its path in the current trend toward 1.2489?
GBPUSD has broken through a support line. It has touched this line at least twice in the last…