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
A possible move on USDCHF as it heads towards support
USDCHF is heading towards the support line of a Channel Down. If this movement continues, the price of…
Could a large bearish move on GBPUSD be a sign of things to come?
GBPUSD hits 1.26194 after a 3.25% move spanning 14 days.
Important price line being approached by AUDJPY. This price has been tested numerous times before.
AUDJPY is moving towards a resistance line. Because we have seen it retrace from this level in the…