The pair New Zealand Dollar/US Dollar (NZD/USD) breaks through the descending trendline up.
An ascent up to the next resistance line at 0.59565 will persist.
Caution: A possible counter-trend in the direction of the support zone at 0.59158 could happen.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘StochRSI %K line crosses above %D line’ indicator layout is detected. The indicator shows ‘StochRSI %K line crosses above %D line’. which could be a positive chart scenario. The pair is likely to go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.59944 |
| 2nd High | 0.59943 |
| Next High | 0.59565 |
| Current Price | 0.59498 |
| Next Low | 0.59158 |
| 2nd Low | 0.5891 |
| 3rd Low | 0.58336 |
0.59565 – 0.59943 – 0.59944 – 0.59158 – 0.59279 – 0.59467 —
0.59434 – 0.59471 —
47.992126555253 – 48.566873530159 —
– —
0.59565 – 1772487000
Trading Signals: FOREX – NZD – NZD/USD – USD – – – – – – – – – –