NZD/USD – 30M – BUYThe combination New Zealand Dollar/US Dollar (NZD/USD) moves from the descending trendline up.
A bullish movement upwards to the next resistance line at 0.56213 is likely expected.
Caution: A possible trend reversal in the direction of the support level at 0.5592 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which could be a positive chart scenario. The currency pair could go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.56431 |
| 2nd High | 0.56384 |
| Next High | 0.56213 |
| Current Price | 0.55949 |
| Next Low | 0.5592 |
| 2nd Low | 0.55823 |
| 3rd Low | 0.55791 |
0.56213 – 0.56153 – 0.56069 – 0.5592 – 0.55949 – 0.56025 —
0.56015 – 0.56052 —
40.031448742368 – 40.252695008314 —
– —
0.56213 – 1764039600
Trading Signals: FOREX – NZD – NZD/USD – USD – – Double bottom chart pattern – – – – – – – –