FX.co ★ Patterns NZDUSD | New Zealand Dollar (NZD) to US Dollar (USD) Rate in the Forex market

According to the chart of M15, NZDUSD formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 0.5975 – 0.5975 and upper border 0.5989 – 0.5989. In case the upper border is broken, the instrument is likely to follow the upward trend.

The Triple Top pattern has formed on the chart of the NZDUSD M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -1, support level -7, and pattern’s width 12. Forecast If the price breaks through the support level 0.5975, it is likely to move further down to 0.5974.

According to the chart of M5, NZDUSD formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 0.5950 – 0.5950 and upper border 0.5959 – 0.5959. In case the upper border is broken, the instrument is likely to follow the upward trend.

The Bullish Flag pattern has been formed on NZDUSD at M15. The lower boundary of the pattern is located at 0.5950/0.5950, while the higher boundary lies at 0.5956/0.5956. The projection of the flagpole is 16 points. This formation signals that the upward trend is most likely to continue. Therefore, if the level of 0.5956 is broken, the price will move further upwards.

According 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 0.5931 and support 0.5921. In case the resistance level 0.5931 - 0.5931 is broken, the instrument is likely to follow the bullish trend.

The Double Top pattern has been formed on NZDUSD M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.5922 is broken, the downward movement will continue.

According to the chart of M15, NZDUSD formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 0.5931, the lower border is 0.5922. The signal means that a long position should be opened above the upper border 0.5931 of the Bullish Rectangle.

The Double Top reversal pattern has been formed on NZDUSD M15. Characteristics: the upper boundary 0.5930; the lower boundary 0.5922; the width of the pattern is 9 points. Sell trades are better to be opened below the lower boundary 0.5922 with a possible movements towards the 0.5900 level.

On the chart of NZDUSD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.5930; the lower boundary 0.5925; the width of the pattern 5 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.5910 level.

The Double Top pattern has been formed on NZDUSD H1. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.5881 is broken, the downward movement will continue.