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
AUDCAD – approaching a resistance line that has been previously tested at least twice in the past
Emerging Channel Up pattern in its final wave was identified on the AUDCAD 1 hour chart. After a…
EURUSD likely to test 1.1443 in the near future. Where to next?
The movement of EURUSD towards 1.1443 price line is yet another test of the line it reached numerous…
After testing the support line numerous times, GBPJPY is once again approaching this line. Can we expect a bearish trend to follow?
An emerging Channel Up has been detected on GBPJPY on the 1 hour chart. There is a possible…