NZD/USD – 1H – BUYThe currency pair New Zealand Dollar/US Dollar (NZD/USD) breaks through the bullish trendline upwards
A continuation of the uptrend up to the next resistance at 0.59749 is likely expected.
Caution: A possible reversal of the trend in the direction of the support level at 0.5891 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ” indicator layout is detected. The indicator is ”. which could be a positive chart signal. The currency pair could go up.
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Then a ‘%K crosses above %D’ indicator layout is detected. The indicator is ‘%K crosses above %D’. which could be a positive chart signal. The currency pair could go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.60818 |
| 2nd High | 0.59906 |
| Next High | 0.59749 |
| Current Price | 0.59860 |
| Next Low | 0.5891 |
| 2nd Low | 0.58336 |
| 3rd Low | 0.58205 |
0.59749 – 0.59276 – 0.58658 – 0.5891 – 0.58336 – 0.58205 —
0.59619 – 0.59709 —
72.937856527298 – 64.726693154655 —
– —
0.59749 – 1769389200
Trading Signals: FOREX – NZD – NZD/USD – USD – – Double bottom chart pattern – – – – – – – –