The combination New Zealand Dollar/US Dollar (NZD/USD) jumps from the descending trendline up.
A bullish ascent upwards to the next resistance level at 0.60022 will continue.
Caution: A possible reversal of the trend in the direction of the support level at 0.5891 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘MACD crosses above signal’ indicator signal is found. The indicator is ‘MACD crosses above signal’. this is usually a bullish chart scenario. The currency pair is likely to rise.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.60629 |
| 2nd High | 0.6047 |
| Next High | 0.60022 |
| Current Price | 0.59623 |
| Next Low | 0.5891 |
| 2nd Low | 0.58336 |
| 3rd Low | 0.58205 |
0.60022 – 0.59972 – 0.6047 – 0.59684 – 0.59797 – 0.59762 —
0.59528 – 0.59486 —
25.937495936228 – 31.646093674637 —
– —
0.60022 – 1770305400
Trading Signals: FOREX – NZD – NZD/USD – USD – – Double bottom retreat down – – – – – – – –