The currency pair New Zealand Dollar/US Dollar (NZD/USD) breaks through the bullish trendline upwards
A continuation of the uptrend up to the next resistance line at 0.6073 will persist.
Caution: A possible reversal of the trend in the direction of support at 0.60387 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. this is usually a bullish signal. The pair is likely to go up.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will persist. Current target is 0.6073 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of resistance at 0.6073 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.60822 |
| 2nd High | 0.60786 |
| Next High | 0.6073 |
| Current Price | 0.60735 |
| Next Low | 0.60387 |
| 2nd Low | 0.60232 |
| 3rd Low | 0.59967 |
0.6061 – 0.6073 – 0.60609 – 0.60387 – 0.60397 – 0.60232 —
0.60647 – 0.60727 —
61.00200305732 – 53.833162381719 —
– —
0.6061 – 1770868800
Trading Signals: FOREX – NZD – NZD/USD – USD – – Double top chart pattern – – – – – – – –