NZD/USD is heading towards a line of 0.6089. If this movement continues, the price of NZD/USD could test 0.6089 within the next 15 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding.
Related Posts
A Channel Down has formed, USDJPY is approaching support. Can we expect a breakout and the start of a new trend or a reversal?
USDJPY was identified at around 147.209 having recently rebounded of the support on the 1 hour data interval.…
USDCAD is currently testing a level of 1.3670. Will the breakout continue or will things reverse?
USDCAD has breached the support line at 1.3670. It may continue the bearish trend towards 1.3587, or, it…
A possible move by GBPCHF towards 1.0692
GBPCHF has broken through the support line which it has tested twice in the past. We have seen…