Also there is a ‘Double bottom chart pattern’ chart pattern is found. The chart forms ‘Double bottom chart pattern’. which is a positive signal. The pair is likely to go up.
The combination New Zealand Dollar/US Dollar (NZD/USD) breaks through the descending trendline upwards
The bullish trend upwards to the next resistance line at 0.60496 will persist.
Caution: A possible counter-trend in the direction of the support level at 0.60039 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which could be a positive chart signal. The currency pair is likely to rise.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.60756 |
| 2nd High | 0.60503 |
| Next High | 0.60496 |
| Current Price | 0.60499 |
| Next Low | 0.60039 |
| 2nd Low | 0.59967 |
| 3rd Low | 0.59279 |
0.60496 – 0.60355 – 0.60479 – 0.60039 – 0.60187 – 0.60296 —
0.60295 – 0.60501 —
48.625900278994 – 61.213042933315 —
– —
0.60496 – 1771333200
Trading Signals: FOREX – NZD – NZD/USD – USD – – Double bottom chart pattern – – – – – – – –