NZD/USD – 1H – BUYThe pair New Zealand Dollar/US Dollar (NZD/USD) breaks through the descending trendline upwards
An ascending movement up to the next resistance level at 0.57921 is expected.
Caution: A possible reversal of the trend in the direction of the support level at 0.57736 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which is often a bullish chart scenario. The currency pair is likely to rise.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.58421 |
| 2nd High | 0.581 |
| Next High | 0.57921 |
| Current Price | 0.57805 |
| Next Low | 0.57736 |
| 2nd Low | 0.57682 |
| 3rd Low | 0.57413 |
0.57921 – 0.581 – 0.57776 – 0.57736 – 0.57682 – 0.57413 —
0.57868 – 0.57915 —
53.212569204684 – 43.964737279233 —
– —
0.57921 – 1767754800
Trading Signals: FOREX – NZD – NZD/USD – USD – – Inverse Head and Shoulder chart pattern – – – – – – – –