NZD/USD – 1H – BUYAnd also a ‘Double bottom chart pattern’ chart layout is existing. The chart picture shows ‘Double bottom chart pattern’. this is a bullish signal. The currency pair is likely to rise.
The pair New Zealand Dollar/US Dollar (NZD/USD) breaks through the ascending trendline up.
A continuation of the upward movement upwards to the next resistance at 0.60503 is expected.
Caution: A possible trend reversal in the direction of the support zone at 0.60073 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.60925 |
| 2nd High | 0.60818 |
| Next High | 0.60503 |
| Current Price | 0.60635 |
| Next Low | 0.60073 |
| 2nd Low | 0.59546 |
| 3rd Low | 0.5891 |
0.60503 – 0.59987 – 0.59749 – 0.60073 – 0.59546 – 0.5891 —
0.60349 – 0.60678 —
60.565031435521 – 64.875053446078 —
– —
0.60503 – 1769551200
Trading Signals: FOREX – NZD – NZD/USD – USD – – Double bottom chart pattern – – – – – – – –