NZD/USD – 1H – SELLNext a ‘Rising Wedge Chart Pattern’ chart formation is existing. The chart shows ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The currency pair is likely to fall.
The combination New Zealand Dollar/US Dollar (NZD/USD) jumps from the ascending trendline downwards
A descending movement downwards to the next support line at 0.58177 will continue.
Caution: A possible counter-trend in the direction of the resistance zone at 0.59634 could happen.
Consider stop-loss settings accordingly.
Next a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. which could be a negative chart signal. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.60925 |
| 2nd High | 0.60818 |
| Next High | 0.59634 |
| Current Price | 0.59359 |
| Next Low | 0.58177 |
| 2nd Low | 0.57995 |
| 3rd Low | 0.5485 |
0.59634 – 0.59594 – 0.59453 – 0.58177 – 0.58283 – 0.58518 — 50.204673752268 – 45.093787314413 — 18.681409493587 – 18.681409493587 – 9.836264269029 – 16.063400766891
Trading Signals: FOREX – NZD – NZD/USD – USD – – Rising Wedge Chart Pattern – –