NZD/USD – 4H – BUYThen a ‘Falling Wedge Chart Pattern’ chart layout is detected. The chart shows ‘Falling Wedge Chart Pattern’. this is a bullish chart scenario. The currency pair is likely to rise.
The currency pair New Zealand Dollar/US Dollar (NZD/USD) breaks through the descending trendline up.
The bullish trend up to the next resistance line at 0.60710 is likely expected.
Caution: A possible counter-trend in the direction of the support level at 0.59948 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.60799 |
| Next High | 0.60710 |
| Current Price | 0.60715 |
| Next Low | 0.59948 |
| 2nd Low | 0.59235 |
| 3rd Low | 0.58936 |
0.60710 – 0.60799 – 0.60542 – 0.59948 – 0.60061 – 0.59235