NZD/USD has broken through the support line of a Rising Wedge 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 6 days and suggests a possible target level to be around 0.5584 within the next 2 days.
Related Posts
We expect a $150 movement on GBPUSD within the next 4 hours.
Based on past Japan Consumer Confidence news events there is a 75% chance of GBPUSD trending upwards. We…
EUR/USD experienced a very large 18 hours bullish move to 1.0717
EUR/USD hits 1.0717 after a 0.61% move spanning 18 hours.
We expect AUDUSD to trend upwards for the next 12 hours.
Based on the last 12 Balance of Trade events in Australia, we could see a $360 movement on…