NZD/USD – 30M – SELLThe combination jumps from the ascending trendline down.
A bearish movement downwards to the next support at 0.61753 is expected.
Caution: A possible counter-trend in the direction of the resistance zone at 0.62106 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.62704 |
| 2nd High | 0.62539 |
| Next High | 0.62106 |
| Current Price | 0.62096 |
| Next Low | 0.61753 |
| 2nd Low | 0.61539 |
| 3rd Low | 0.61518 |