The pair New Zealand Dollar/US Dollar (NZD/USD) breaks through the bearish trendline upwards
A bullish trend upwards to the next resistance level at 0.60125 is considered certain.
Caution: A possible counter-trend in the direction of the support line at 0.5942 could happen.
Consider stop-loss settings accordingly.
There is also a ‘MACD crosses above signal’ indicator signal is discovered. The indicator is ‘MACD crosses above signal’. which is often a bullish signal. The currency pair could go up.
There is also a ‘Three White Soldiers’ candlestick chart pattern is detected. The candles show ‘Three White Soldiers’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.60756 |
| 2nd High | 0.60527 |
| Next High | 0.60125 |
| Current Price | 0.59298 |
| Next Low | 0.5942 |
| 2nd Low | 0.59375 |
| 3rd Low | 0.59279 |
0.60125 – 0.6003 – 0.60527 – 0.5942 – 0.59375 – 0.60141 —
0.59496 – 0.59146 —
35.64305635093 – 41.764550989792 —
– —
0.60125 – 1772078400
Trading Signals: FOREX – NZD – NZD/USD – USD – Three White Soldiers – Rising Wedge Chart Pattern – – – – – – – –