The currency pair New Zealand Dollar/US Dollar (NZD/USD) goes from the descending trendline down.
A continuation of the bearish trend downwards to the next support at 0.57789 will continue.
Caution: A possible counter-trend in the direction of the resistance zone at 0.58366 should always be considered.
Consider stop-loss settings accordingly.
In addition a ‘StochRSI %K line crosses above %D line’ indicator layout is discovered. The indicator is ‘StochRSI %K line crosses above %D line’. this is usually a bearish chart scenario. The currency pair could go down.
In addition a ‘MACD crosses below signal’ indicator layout is discovered. The indicator is ‘MACD crosses below signal’. this is usually a bearish chart scenario. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.58867 |
| 2nd High | 0.58843 |
| Next High | 0.58366 |
| Current Price | 0.58157 |
| Next Low | 0.57789 |
| 2nd Low | 0.56939 |
| 3rd Low | 0.56889 |
0.58366 – 0.58843 – 0.58867 – 0.57789 – 0.58506 – 0.58619 —
0.58366 – 0.58212 —
65.5052764042 – 54.651601695766 —
0.58366 – 1780927200 —
– 1780927200
Trading Signals: FOREX – NZD – NZD/USD – USD – – – – – – – – – –