Technical Analysis : NZD/USD 1 May 2020

Forex Technical Analysis : NZDUSD

Target Level 0.5996

Date : 1 May 2020

Support Line (A) : 0.5996 – Last TP of Channel Up

Resistance Line (B) : 0.6176 – Last TP of Channel Up

Target Period : 2 days

Interval : 4 hours

Pattern : Channel Up

Length : 36 Candles

Detail : Channel Up identified at 01-May-08:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 0.5996 within the next 2 days.

Warning : This information isn’t a buy-sell signal. Please use this information for the trade guideline.

Source : Autochartist

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– Analysis as low as 15 minute data intervals.

– Short term forcasts.

– Risk and volatility information.