NZD/USD – 1H – BUYThe currency pair breaks through the bearish trendline upwards
A bullish movement upwards to the next resistance at 0.59972 is expected.
Caution: A possible reversal of the trend in the direction of the support zone at 0.59530 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
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 | 0.59759 |
| Next Low | 0.59530 |
| 2nd Low | |
| 3rd Low |