NZD/USD – 30M – SELLIn addition a ‘Rising Wedge Chart Pattern’ chart formation is existing. The chart picture forms ‘Rising Wedge Chart Pattern’. this is a bearish signal. The currency pair is likely to go down.
The pair New Zealand Dollar/US Dollar (NZD/USD) jumps from the ascending trendline down.
A descending movement downwards to the next support level at 0.59223 will continue.
Caution: A possible trend reversal in the direction of resistance at 0.59594 could occur.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. which is often a bearish signal. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.60581 |
| 2nd High | 0.59907 |
| Next High | 0.59594 |
| Current Price | 0.59219 |
| Next Low | 0.59223 |
| 2nd Low | 0.58789 |
| 3rd Low | 0.58775 |
0.59594 – 0.59175 – 0.58945 – 0.59223 – 0.59287 – 0.58789 — 41.984568211221 – 34.748695978258 — 98.728833884971 – 79.102689494081 – 88.938082138276 – 87.291409881327
Trading Signals: FOREX – NZD – NZD/USD – USD – – Rising Wedge Chart Pattern – –