The combination New Zealand Dollar/US Dollar (NZD/USD) goes from the descending trendline down.
A continuation of the bearish trend down to the next support line at is certain.
Caution: A possible trend reversal in the direction of the resistance level at 0.58321 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart signal. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.58604 |
| 2nd High | 0.5851 |
| Next High | 0.58321 |
| Current Price | 0.58184 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.58321 – 0.5851 – 0.5841 – 0.58075 – 0.57931 – 0.57617 —
0.58206 – 0.58207 —
38.969646408027 – 50.988312751184 —
– —
0.58321 – 1774438200
Trading Signals: FOREX – NZD – NZD/USD – USD – – – – – – – – – –