NZD/USD – 4H – SELLAnd also a ‘Rising Wedge Chart Pattern’ chart pattern is detected. The chart forms ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The pair is likely to go down.
The combination New Zealand Dollar/US Dollar (NZD/USD) goes from the bullish trendline downwards
The bearish trend down to the next support level at 0.58826 is certain.
Caution: A possible change in the direction of resistance at 0.60875 could occur.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.60875 |
| Current Price | 0.60616 |
| Next Low | 0.58826 |
| 2nd Low | 0.58602 |
| 3rd Low | 0.58462 |
0.60875 – 0.60710 – 0.60799 – 0.58826 – 0.59948 – 0.60061
Trading Signals: FOREX – NZD – NZD/USD – USD – – Rising Wedge Chart Pattern