Buy NZD/USD – 30M – BUY

The currency pair New Zealand Dollar/US Dollar (NZD/USD) breaks through the bullish trendline up.

A continuation of the uptrend up to the next resistance line at 0.57094 is likely expected.

Caution: A possible reversal of the trend in the direction of the support level at 0.56276 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Northern Doji’ candlestick chart pattern is existing. The candles form ‘Northern Doji’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

Support & Resistance Price Range*
3rd High
2nd High 0.58528
Next High 0.57094
Current Price 0.57508
Next Low 0.56276
2nd Low 0.54850
3rd Low

0.57094 – 0.56678 – 0.55941 – 0.56276 – 0.54850 – 0.55061

Download NZD/USD Signal Image

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