The pair New Zealand Dollar/US Dollar (NZD/USD) breaks through the descending trendline upwards
A bullish movement up to the next resistance line at 0.6003 is certain.
Caution: A possible trend reversal in the direction of support at 0.5942 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘StochRSI %K line crosses above %D line’ indicator signal is detected. The indicator shows ‘StochRSI %K line crosses above %D line’. which is often a bullish signal. The currency pair is likely to rise.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.60756 |
| 2nd High | 0.60527 |
| Next High | 0.6003 |
| Current Price | 0.59882 |
| Next Low | 0.5942 |
| 2nd Low | 0.59375 |
| 3rd Low | 0.59279 |
0.6003 – 0.60527 – 0.60756 – 0.5942 – 0.59375 – 0.60141 —
0.59997 – 0.59867 —
57.054435165255 – 49.643894347891 —
– —
0.6003 – 1771805100
Trading Signals: FOREX – NZD – NZD/USD – USD – – Head and Shoulder chart pattern – – – – – – – –