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
USDCHF has broken through support of a Descending Triangle. It has touched this line at least twice in the last 30 days.
You would be well advised to confirm the breakout that has just occurred – do you believe the…
Will NZDUSD break through the resistance level it tested before?
The price of NZDUSD in heading back to the resistance area. It is possible that it will struggle…
AUDCAD is signaling a possible trend reversal on the intraday charts with price not breaching support.
AUDCAD is heading towards the resistance line of a Channel Down and could reach this point within the…