Technical Analysis : NZD/USD 16 April 2020

Forex Technical Analysis : NZDUSD

Target Level 0.5997

Date : 16 April 2020

Support Line (A) : 0.5943 – Last TP of Falling Wedge

Resistance Line (B) : 0.5997 – Last TP of Falling Wedge

Target Period : 10 hours

Interval : 15 Minutes

Pattern : Falling Wedge

Length : 118 Candles

Detail : Falling Wedge identified at 16-Apr-12:30. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 0.5997 within the next 10 hours. (Supported by RSI below 40)

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

Source : Autochartist

If you open a live account with a broker that support Autochartist, you’ll get :

– Analysis as low as 15 minute data intervals.

– Short term forcasts.

– Risk and volatility information.