NZD/USD – 1H – SELL

Furthermore a ‘Rising Wedge Chart Pattern’ chart pattern is discovered. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a negative signal. The pair is likely to go down.

The currency pair New Zealand Dollar/US Dollar (NZD/USD) moves from the bearish trendline down.

A continuation of the downtrend downwards to the next support at 0.60232 is expected.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.6073 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.

0.6073 – 0.60609 – 0.60594 – 0.60232 – 0.6032 – 0.59967 —
0.60638 – 0.60587 —
53.631077722822 – 54.510521509929 —
– —
0.6073 – 1770811200

Trading Signals: FOREX – NZD – NZD/USD – USD – – Rising Wedge Chart Pattern – – – – – – – –