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NZDUSD spikes through a major support, bulls are in trouble

The sellers took control of the NZDUSD pair after the pair the major resistance level at 0.75508. Majority of the price action traders managed to execute short orders at that level since we had a nice bearish engulfing pattern in the daily chart. The started to lose its momentum after the pair hit the major

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AUDUSD testing major resistance level, the strong challenge for the bulls

The AUDUSD pair tumbled hard after breaking the long-term trend line support level at 0.76306. From that level, the pair slowly headed towards the major support level at 0.74537. Though we had an initial breach of that support level the bulls finally managed to take control of the market. From that level, the pair rallied

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GBPUSD bulls facing the extreme bearish threat, strong support ahead

There has been a strong bearish threat in the GBPUSD pair after it breached the major support level at 1.34166. Majority of the short-term investors made a decent profit but shorting the GBPUSD pair at the major resistance level at 1.43377. Currently, the pair is slowly heading towards the major support level at 1.31288. This

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