The 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 0.59987 is expected.
Caution: A possible change in the direction of the support level at 0.59546 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Three White Soldiers’ candle chart pattern is found. The chart shows ‘Three White Soldiers’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.6079 |
| 2nd High | 0.60581 |
| Next High | 0.59987 |
| Current Price | 0.60419 |
| Next Low | 0.59546 |
| 2nd Low | 0.59538 |
| 3rd Low | 0.59514 |
0.59785 – 0.59987 – 0.59749 – 0.59546 – 0.59587 – 0.59538 —
0.60189 – 0.60188 —
76.286323452883 – 72.473026991269 —
– —
0.59785 – 1769488200
Trading Signals: FOREX – NZD – NZD/USD – USD – Three White Soldiers – – – – – – – – –