Technical Analysis : NZD/USD 2 March 2020

Forex Technical Analysis : NZDUSD

Target Level 0.6191

Date : 2 March 2020

Support Line (A) : 0.6191 – TP of Falling Wedge

Resistance Line (B) : 0.6266 – TP of Falling Wedge

Target Period : 20 hours

Interval : 1 hours

Pattern : Falling Wedge

Length : 82 Candles

Detail : Falling Wedge identified at 02-Mar-06:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 0.6191 within the next 20 hours. (Supported by Downward sloping Moving Average)

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.