The price of NZDUSD 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
After testing support twice in the past, CHFJPY has finally broken through. Can we expect a bearish trend to follow?
Triangle pattern identified on CHFJPY has broken through a support level with the price momentum continuing to move…
After testing 147.6275 numerous times, USDJPY is once again approaching this price point. Can we expect a bullish trend to follow?
USDJPY is about to retest a key horizontal resistance level near 147.6275. It has tested this level 8…
USDCHF has broken through support of a Descending Triangle. It has touched this line at least twice in the last 30 days.
You would be well advised to confirm the breakout that has just occurred – do you believe the…