NZD/USD – 30M – BUYThe combination New Zealand Dollar/US Dollar (NZD/USD) goes from the ascending trendline downwards
A bearish movement downwards to the next support line at 0.56076 is likely expected.
Caution: A possible change in the direction of resistance at 0.57369 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Three White Soldiers’ candlestick pattern is existing. The candles show ‘Three White Soldiers’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.57926 |
| 2nd High | 0.57677 |
| Next High | 0.57369 |
| Current Price | 0.56528 |
| Next Low | 0.56076 |
| 2nd Low | |
| 3rd Low |
Trading Signals: FOREX – NZD – NZD/USD – USD – Three White Soldiers