NZD/USD – 30M – SELLThe combination New Zealand Dollar/US Dollar (NZD/USD) goes from the ascending trendline down.
A bearish movement downwards to the next support level at 0.59279 will continue.
Caution: A possible trend reversal in the direction of the resistance zone at 0.59784 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Double top chart pattern’ chart layout is discovered. The chart picture forms ‘Double top chart pattern’. which is a negative signal. The pair is likely to go down.
In addition a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which is often a bearish chart signal. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.60007 |
| 2nd High | 0.59863 |
| Next High | 0.59784 |
| Current Price | 0.59409 |
| Next Low | 0.59279 |
| 2nd Low | 0.59259 |
| 3rd Low | 0.59247 |
0.59784 – 0.59863 – 0.59819 – 0.59462 – 0.59279 – 0.59481