Aurum Markets Blog Technical Analysis Important price line breached by NZDUSD

Important price line breached by NZDUSD

Important price line breached by NZDUSD post thumbnail image

NZDUSD has broken through a support line. It has touched this line numerous times in the last 6 days. This breakout shows a potential move to 0.5902 within the next 18 hours. Because we have seen it retrace from this level in the past, one should wait for confirmation of the breakout.

Supported by Downward sloping Moving Average

Target: 0.5902 Entry: 0.5934 Stop: 0.5964

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