NZD/USD – 30M – SELLMoreover a ‘Double bottom chart pattern’ chart formation is discovered. The chart forms ‘Double bottom chart pattern’. which is a bullish signal. The pair is likely to go up.
The currency pair New Zealand Dollar/US Dollar (NZD/USD) jumps from the bearish trendline down.
A continuation of the downtrend down to the next support line at 0.60274 is considered certain.
Caution: A possible trend reversal in the direction of the resistance level at 0.60582 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 0.60356 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 0.60582 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.60799 |
| 2nd High | 0.60651 |
| Next High | 0.60582 |
| Current Price | 0.60468 |
| Next Low | 0.60274 |
| 2nd Low | 0.60061 |
| 3rd Low | 0.59914 |
0.60582 – 0.60571 – 0.60651 – 0.60274 – 0.60353 – 0.60061