The price of NZD/USD in heading back to the resistance area. It is possible that it will struggle to break through it and move back in the other direction. The price may eventually break through, but typically the price retreats from the level a number of times before doing so.
Related Posts
CHFJPY – breach of a trending resistance line that has been tested at least twice before.
The last 14 4 hour candles on CHFJPY formed a Triangle pattern and broken out through the pattern…
AUDCAD keeps moving closer towards 0.8880. Will it finally breach this level?
AUDCAD is moving towards a support line. Because we have seen it retrace from this level in the…
Is the extremely large movement on USDCHF a sign of things to come?
USDCHF has experienced an extremely big movement in last 3 days. It may continue the trend, but this…