NZD/USD – 1H – BUYThe pair New Zealand Dollar/US Dollar (NZD/USD) breaks through the ascending trendline up.
A continuation of the upward movement upwards to the next resistance line at 0.56894 will persist.
Caution: A possible trend reversal in the direction of the support level at 0.56608 could happen.
Consider stop-loss settings accordingly.
Moreover a ‘StochRSI %K line crosses above %D line’ indicator layout is detected. The indicator is ‘StochRSI %K line crosses above %D line’. which could be a positive signal. The currency pair could go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.57352 |
| 2nd High | 0.569 |
| Next High | 0.56894 |
| Current Price | 0.56978 |
| Next Low | 0.56608 |
| 2nd Low | 0.56404 |
| 3rd Low | 0.56396 |
0.56894 – 0.569 – 0.56582 – 0.56608 – 0.56404 – 0.56396 —
0.56809 – 0.56986 —
45.485463714658 – 57.10715471262 —
– —
0.56894 – 1782921600
Trading Signals: FOREX – NZD – NZD/USD – USD – – – – – – – – – –