The pair New Zealand Dollar/US Dollar (NZD/USD) breaks through the descending trendline upwards
A bullish trend up to the next resistance line at 0.60022 is considered certain.
Caution: A possible reversal of the trend in the direction of the support zone at 0.59546 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative chart signal. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.60629 |
| 2nd High | 0.6047 |
| Next High | 0.60022 |
| Current Price | 0.59630 |
| Next Low | 0.59546 |
| 2nd Low | 0.59538 |
| 3rd Low | 0.59514 |
0.60022 – 0.59972 – 0.6047 – 0.59684 – 0.59797 – 0.59762 —
0.59500 – 0.59642 —
24.085189199214 – 46.273370017015 —
– —
0.60022 – 1770305400
Trading Signals: FOREX – NZD – NZD/USD – USD – – – – – – – – – –