NZD/USD – 4H – SELLThe combination New Zealand Dollar/US Dollar (NZD/USD) jumps from the ascending trendline down.
A bearish movement downwards to the next support line at 0.60061 will continue.
Caution: A possible trend reversal in the direction of resistance at 0.60799 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.60799 |
| Current Price | 0.60337 |
| Next Low | 0.60061 |
| 2nd Low | 0.59235 |
| 3rd Low | 0.58936 |
0.60799 – 0.60542 – 0.60312 – 0.60061 – 0.59235 – 0.58936