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FX.co ★ NZDUSD M30: Bullish Rectangle

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Technical Analysis Patterns

2024-04-29T16:02:07
Signal strength 3 of 5

NZDUSD M30: Bullish Rectangle

Bullish RectangleAccording to the chart of M30, NZDUSD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.5978 and support 0.5952. In case the resistance level 0.5978 - 0.5978 is broken, the instrument is likely to follow the bullish trend.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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