NZD/USD is moving towards a support line. Because we have seen it retrace from this level in the past, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 2 days and may test it again within the next 6 hours.
Related Posts
After testing resistance twice in the past, GBP/USD has finally broken through. Can we expect a bullish trend to follow?
You would be well advised to confirm the breakout that has just occurred – do you believe the…
We expect AUDUSD to trend downwards for the next 48 hours.
We expect AUDUSD to trend downwards for the next 48 hours. Based on these past Japan Consumer Confidence…
EUR/USD – breach of a trending resistance line that has been tested at least twice before.
This trade setup on EUR/USD is formed by a period of consolidation; a period in which the price…