NZD/USD – 1H – SELLThe currency pair New Zealand Dollar/US Dollar (NZD/USD) moves from the descending trendline down.
A continuation of the downward movement down to the next support at 0.59948 is considered certain.
Caution: A possible trend reversal in the direction of the resistance zone at 0.60412 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. which is often a bearish signal. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.60799 |
| 2nd High | 0.60710 |
| Next High | 0.60412 |
| Current Price | 0.60170 |
| Next Low | 0.59948 |
| 2nd Low | 0.59914 |
| 3rd Low | 0.59870 |
0.60412 – 0.60710 – 0.60655 – 0.59948 – 0.60053 – 0.60231