NZD/USD has broken through the resistance line of a Channel Down technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 27 days and suggests a possible target level to be around 0.6463 within the next 6 days.
Related Posts
EURAUD through 1.7793566666666667. Is this a confirming a breakout? Will it continue its path in the current trend toward 1.7926?
EURAUD has broken through a resistance line of a Triangle chart pattern. If this breakout holds true, we…
If you’re short AUDCAD you should be aware of the rapidly approaching level of 0.8900
AUDCAD is approaching a resistance line at 0.8900. If it hits the resistance line, it may break through…
There is a possibility of a big movement on AUDJPY after a breach of the support
AUDJPY has broken through a support line of a Triangle and suggests a possible movement to 91.1361 within…