NZD/USD – 30M – SELLThe combination New Zealand Dollar/US Dollar (NZD/USD) goes from the bullish trendline down.
A bearish movement downwards to the next support line at 0.58775 is certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.58916 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.59302 |
| 2nd High | 0.58977 |
| Next High | 0.58916 |
| Current Price | 0.58869 |
| Next Low | 0.58775 |
| 2nd Low | 0.58533 |
| 3rd Low | 0.58425 |
0.58916 – 0.58677 – 0.58648 – 0.58775 – 0.58533 – 0.58425 — 57.304343853161 – 52.190703819007 — 33.410858015824 – 26.36295232232 – 40.188187366517 – 34.276550303638
Trading Signals: FOREX – NZD – NZD/USD – USD – – Triple bottom chart pattern – –