NZD/USD – 1H – BUY

Next a ‘Double bottom chart pattern’ chart formation is existing. The formation shows ‘Double bottom chart pattern’. which is a bullish chart scenario. The currency pair is likely to rise.

The currency pair New Zealand Dollar/US Dollar (NZD/USD) breaks through the ascending trendline upwards

A continuation of the upward movement upwards to the next resistance level at 0.6073 is likely expected.

Caution: A possible reversal of the trend in the direction of the support line at 0.60232 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which is often a bullish chart scenario. The pair is likely to go up.

0.6073 – 0.60609 – 0.60594 – 0.60232 – 0.6032 – 0.59967 —
0.60586 – 0.60756 —
44.777432633407 – 62.387725429682 —
– —
0.6073 – 1770811200

Trading Signals: FOREX – NZD – NZD/USD – USD – – Double bottom chart pattern – – – – – – – –