The movement of NZD/USD towards 0.6309 price line is yet another test of the line it reached numerous times in the past. We could expect this test to happen in the next 8 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current lines.
Supports and resistances are primary concepts of technical analysis. NZD/USD is heading for an important price of 0.6309 – read about what this could mean for the future.
