The currency pair New Zealand Dollar/US Dollar (NZD/USD) breaks through the bullish trendline upwards
A continuation of the upward movement up to the next resistance line at 0.6061 is expected.
Caution: A possible change in the direction of the support zone at 0.60397 should be noted.
Consider stop-loss settings accordingly.
There is also a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. which is often a bullish chart scenario. The pair is likely to go up.
There is also a ‘Three White Soldiers’ chart pattern is found. The chart shows ‘Three White Soldiers’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.60786 |
| 2nd High | 0.6073 |
| Next High | 0.6061 |
| Current Price | 0.60637 |
| Next Low | 0.60397 |
| 2nd Low | 0.60232 |
| 3rd Low | 0.59967 |
0.6061 – 0.6073 – 0.60609 – 0.60397 – 0.60232 – 0.60525 —
0.60531 – 0.60622 —
41.109432226847 – 58.271205444802 —
– —
0.6061 – 1770868800
Trading Signals: FOREX – NZD – NZD/USD – USD – Three White Soldiers – – – – – – – – –