NZD/USD – 30M – BUYThe combination New Zealand Dollar/US Dollar (NZD/USD) breaks through the descending trendline upwards
A bullish trend upwards to the next resistance line at 0.58983 will persist.
Caution: A possible reversal of the trend in the direction of the support line at 0.58794 is within the realm of possibility.
Consider stop-loss settings accordingly.
In addition a ‘StochRSI %K line crosses above %D line’ indicator signal is existing. The indicator is ‘StochRSI %K line crosses above %D line’. which could be a positive signal. The currency pair is likely to rise.
In addition a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which could be a positive chart scenario. The pair is likely to go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.59404 |
| 2nd High | 0.59217 |
| Next High | 0.58983 |
| Current Price | 0.58877 |
| Next Low | 0.58794 |
| 2nd Low | |
| 3rd Low |
0.58983 – 0.59217 – 0.59189 – 0.58794 – 0.58818 – 0.59035 —
0.58849 – 0.58847 —
34.266331009969 – 40.172927205265 —
0.58794 – 1776405600 —
0.58983 – 1776366000
Trading Signals: FOREX – NZD – NZD/USD – USD – – Rising Wedge Chart Pattern – – – – – – – –