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HomeContributorsTechnical AnalysisNZD/USD Another Breakout Attempt

NZD/USD Another Breakout Attempt

MultiBank Exchange Group
By MultiBank Exchange Group

Price has managed to stay above the 0.7484 major broken static resistance and now is pressuring the warning line (WL3) again, a valid breakout will bring us a very good buying opportunity. However a rejection followed by a drop below the 0.7484 will confirm a drop towards the 0.7375 and towards the fourth warning line (wl4).

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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