Besides a ‘Symmetrical Triangle Chart Pattern’ chart pattern is discovered. The chart shows ‘Symmetrical Triangle Chart Pattern’. which is a bearish signal. The pair is likely to go down.
The pair New Zealand Dollar/US Dollar (NZD/USD) goes from the bullish trendline downwards
A bearish movement down to the next support at is expected.
Caution: A possible trend reversal in the direction of the resistance zone at 0.59479 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.59943 |
| 2nd High | 0.5964 |
| Next High | 0.59479 |
| Current Price | 0.59226 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.59479 – 0.5964 – 0.59389 – 0.59206 – 0.59071 – 0.5848 —
0.59455 – 0.59319 —
50.199452937192 – 47.68698185252 —
– —
0.59479 – 1773216000
Trading Signals: FOREX – NZD – NZD/USD – USD – – Symmetrical Triangle Chart Pattern – – – – – – – –