NZD/USD – 4H – SELLThe combination New Zealand Dollar/US Dollar (NZD/USD) moves from the bullish trendline downwards
The bearish trend down to the next support at 0.59948 is considered certain.
Caution: A possible trend reversal in the direction of the resistance level at 0.60710 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.60799 |
| Next High | 0.60710 |
| Current Price | 0.60546 |
| Next Low | 0.59948 |
| 2nd Low | 0.59235 |
| 3rd Low | 0.58936 |
0.60710 – 0.60799 – 0.60542 – 0.59948 – 0.60061 – 0.59235