The price of NZD/USD in heading in the direction of 0.6124. Despite the recent breakout through 0.6101 it is possible that it will struggle to gain momentum to the forecast price and move back in the other direction. This has happened many times in the past so watch for a possible bounce back.
Related Posts
EURJPY has broken through a support line. It has touched this line numerous times in the last 9 days.
EURJPY has broken through a support line. It has touched this line numerous times in the last 9…
A Rising Wedge has formed, EURGBP is approaching support. Can we expect a breakout and the start of a new trend or a reversal?
EURGBP is moving towards a resistance line which it has tested numerous times in the past. We have…
CHFJPY is approaching 186.0470. We expect either a breakout through this line, or a rebound.
CHFJPY is en route to a very important line that will be a definite deciding factor of what…