NZD/USD has broken through a resistance line. It has touched this line at least twice in the last 12 days. This breakout may indicate a potential move to 0.6248 within the next 15 hours. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading.
Related Posts
GBPJPY – approaching a resistance line that has been previously tested at least twice in the past
Emerging Channel Up pattern in its final wave was identified on the GBPJPY 1 hour chart. After a…
Could a large bullish move on NZDUSD be a sign of things to come?
NZDUSD rose sharply for 3 hours – which is an excessively big movement for this instrument; exceeding the…
If you’re long GBPUSD you should be aware that 1.2934 has just been breached – a level tested 4 time in the past
GBPUSD has broken through 1.2934 which it has tested numerous times in the past. We have seen it…