HomeContributorsTechnical AnalysisNZD/USD is this a Valid Breakout?

NZD/USD is this a Valid Breakout?

NZD/USD touched new highs today, has climbed as much as 0.7557 level, much above the 0.7528 yesterday’s high, but failed to stay there and now is challenging the third warning line (WL3). Only a valid breakout above this line will confirm a further increase in the upcoming period, we may have a buying opportunity if will close above the WL3 and if will come back to retest the 0.7484 level. A selling opportunity will appear if will slip and will stabilize below the 0.7484 static support.

MultiBank Exchange Group
MultiBank Exchange Grouphttp://www.mexgroup.com
Multibank Exchange Group (MEX Group) is a multinational financial derivatives dealer. Established in California in 2005, MEX has offices in several countries around the world, including the US, the UK, Australia and China. Mex Group is regulated by the Australian Securities and Investment Commission (ASIC) in Australia, the Ras al Khaimah Free Trade Zone (RAK) in the United Arab Emirates and the Financial Services Commission (FSC) in the British Virgin Islands.

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