The currency pair New Zealand Dollar/US Dollar (NZD/USD) jumps from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support at 0.58572 is expected.
Caution: A possible change in the direction of the resistance zone at 0.59152 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative signal. The currency pair is likely to fall.
Besides a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which is often a bearish chart signal. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.59481 |
| 2nd High | 0.59456 |
| Next High | 0.59152 |
| Current Price | 0.58953 |
| Next Low | 0.58572 |
| 2nd Low | 0.58356 |
| 3rd Low | 0.58336 |
0.59152 – 0.59143 – 0.59456 – 0.58572 – 0.58725 – 0.59017 —
0.58909 – 0.59050 —
50.58003972408 – 57.972610634484 —
– —
0.59152 – 1772789400
Trading Signals: FOREX – NZD – NZD/USD – USD – – – – – – – – – –