NZD/USD has broken through a resistance line. It has touched this line at least twice in the last 4 days. This breakout may indicate a potential move to 0.6224 within the next 7 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
EURCAD moves higher to 1.5358 in the last 10 hours.
Those of you that are trend followers are probably eagerly watching EURCAD to see if its latest 1.26%…
AUDJPY is approaching a support line of a Channel Down. It has touched this line numerous times in the last 14 days.
An emerging Channel Down has been detected on AUDJPY on the 4 hour chart. There is a possible…
Is the extremely large movement on EURCAD a sign of things to come?
Those of you that are trend followers are probably eagerly watching EURCAD to see if its latest 1.15%…