NZD/USD has broken through a support line. It has touched this line at least twice in the last 28 days. This breakout may indicate a potential move to 0.6141 within the next 6 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
Bulls aim for 1.2540 after the GBPUSD triggered a bearish formation on the 4 hour chart
The breakout of GBPUSD through the support line of a Rising Wedge could be a sign of the…
EURAUD is quickly approaching the support line of a Channel Down. We expect either a breakout through this line or a rebound.
EURAUD is heading towards the support line of a Channel Down and could reach this point within the…
Supports and resistances are primary concepts of technical analysis. GBPJPY is heading for an important price of 192.1150 – read about what this could mean for the future.
GBPJPY is heading towards 192.1150 and could reach this point within the next 3 days. It has tested…