NZD/USD Breakout Could Occur

Forex

<p>The New Zealand Dollar has surged by 227 basis points or 4.06% in value against the US Dollar since Monday’s trading session. The currency pair tested a resistance cluster at 0.5774 during the Asian session on Tuesday. The exchange rate is currently trading near the upper boundary of a descending channel pattern at 0.5811 and [&helli

USD/CAD Sets For Breakout

Forex

<p>The US Dollar appreciated by about 170 basis points or 1.18% in value against the Canadian Dollar on Monday. The currency pair breached the 50– and 100– hour SMAs during yesterday’s trading session. Currently, the exchange rate is trading near the bottom border of an ascending channel pattern at 1.4408. Most likely, a breakout could

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