NZD/USD – 1H – SELLAdditionally a ‘Rising Wedge Chart Pattern’ chart layout is found. The chart picture shows ‘Rising Wedge Chart Pattern’. this is a bearish signal. The pair is likely to go down.
The combination New Zealand Dollar/US Dollar (NZD/USD) goes from the ascending trendline down.
A bearish trend down to the next support line at 0.60191 is likely expected.
Caution: A possible counter-trend in the direction of the resistance line at 0.60629 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.60922 |
| 2nd High | 0.60786 |
| Next High | 0.60629 |
| Current Price | 0.60014 |
| Next Low | 0.60191 |
| 2nd Low | 0.59901 |
| 3rd Low | 0.59546 |
0.60629 – 0.60575 – 0.60786 – 0.60191 – 0.59901 – 0.60222 —
0.60325 – 0.60069 —
47.230021578215 – 41.469835974986 —
– —
0.60629 – 1770159600
Trading Signals: FOREX – NZD – NZD/USD – USD – – Rising Wedge Chart Pattern – – – – – – – –