NZD/USD is heading towards 0.6135 and could reach this point within the next 19 hours. It has tested this line numerous times in the past, and this time could be no different, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.
Related Posts
If you’re short EURUSD you should be aware that 1.1654 has just been breached – a level tested 5 time in the past
The price of EURUSD in heading in the direction of 1.1693. Despite the recent breakout through 1.1654 it…
AUDCAD – approaching a resistance line that has been previously tested at least twice in the past
The movement of AUDCAD towards the resistance line of a Triangle is yet another test of the line…
USDJPY is approaching 147.0125. We expect either a breakout through this line, or a rebound.
USDJPY is about to retest a key horizontal support level near 147.0125. It has tested this level 4…