NZD/USD – 1H – SELLMoreover a ‘Rising Wedge Chart Pattern’ chart layout is existing. The chart picture forms ‘Rising Wedge Chart Pattern’. this is a bearish signal. The currency pair is likely to fall.
The pair New Zealand Dollar/US Dollar (NZD/USD) jumps from the bullish trendline down.
A descending movement downwards to the next support line at 0.58177 is certain.
Caution: A possible trend reversal in the direction of resistance at 0.59634 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. this is usually a bearish chart signal. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.60925 |
| 2nd High | 0.60818 |
| Next High | 0.59634 |
| Current Price | 0.59359 |
| Next Low | 0.58177 |
| 2nd Low | 0.57995 |
| 3rd Low | 0.5485 |
0.59634 – 0.59594 – 0.59453 – 0.58177 – 0.58283 – 0.58518 — 50.204673752268 – 45.093787314413 — 18.681409493587 – 18.681409493587 – 9.836264269029 – 16.063400766891
Trading Signals: FOREX – NZD – NZD/USD – USD – – Rising Wedge Chart Pattern – –