When the market breaks an important level, what is it likely to do?

I’d say it will continue in the breakout direction, until it reaches the next important level… do you agree with me?

Ok, so here is what the NZDCHF is doing on the long term charts:

From the way I see it, it is likely to continue its way down until it reaches 0.7172

Just wanted your opinion about this… What’s your take?

Cheers,

Raul Lopez
Forex Course