NZD/USD – 1H – BUYThe combination breaks through the bearish trendline upwards
A bullish movement upwards to the next resistance at 0.59972 is certain.
Caution: A possible change in the direction of the support zone at 0.59573 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
The chart formed a ‘Three White Soldiers’ candlestick pattern, which means 3 higher candles in a row.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.60315 |
| 2nd High | 0.60130 |
| Next High | 0.59972 |
| Current Price | 0.59789 |
| Next Low | 0.59573 |
| 2nd Low | |
| 3rd Low |