NZD/USD has broken through a resistance line. It has touched this line at least twice in the last 20 days. This breakout may indicate a potential move to 0.6179 within the next 3 days. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading.
Related Posts
Supports and resistances are primary concepts of technical analysis. AUD/USD is heading for an important price of 0.6610 – read about what this could mean for the future.
AUD/USD is moving towards a key resistance level at 0.6610. This is a previously tested level for AUD/USD.…
We expect a $1380 movement on NZDUSD within the next 48 hours.
We expect NZDUSD to trend upwards for the next 48 hours. Based on these past Australia NAB Business…
Important price line being approached by USD/CAD. This price has been tested numerous times before.
USD/CAD is moving towards a key resistance level at 1.3697. USD/CAD has previously tested this level 5 times…