Emerging Rising Wedge pattern in its final wave was identified on the NZDUSD 30 Minutes chart. After a strong bullish run, we find NZDUSD heading towards the upper triangle line with a possible resistance at 0.5983. If the resistance shows to hold, the Rising Wedge pattern suggests a rebound back towards current levels.
Supported by Upward sloping Moving Average
Target: 0.5983 Entry: 0.5957 Stop: 0.5932
Emerging Falling Wedge detected on AUDUSD – the pattern is an emerging one and has not yet broken through resistance, but the price is expected to move up over the
NZDUSD is moving towards a resistance line which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it
Approaching Support level of 57.89 identified at 12/9 05:30. This pattern is still in the process of forming. Possible bearish price movement towards the support 57.89 within the next 5