NZD/USD – 30M – SELL

The currency pair New Zealand Dollar/US Dollar (NZD/USD) moves from the descending trendline downwards

A continuation of the downtrend downwards to the next support line at 0.60053 is expected.

Caution: A possible trend reversal in the direction of the resistance line at 0.60655 could be enabled.
Consider stop-loss settings accordingly.

Correction of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend is expected. Current target is 0.60655 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the resistance line at 0.60655 could be enabled.
Consider stop-loss settings accordingly.

There is also a ‘Northern Doji’ chart pattern is existing. The chart shows ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.60655 – 0.60616 – 0.60570 – 0.60053 – 0.60237 – 0.60231

Trading Signals: FOREX – NZD – NZD/USD – USD – Northern Doji