NZD/USD – 30M – SELLThe currency pair New Zealand Dollar/US Dollar (NZD/USD) jumps from the bullish trendline down.
A descending movement downwards to the next support level at 0.59570 is expected.
Caution: A possible counter-trend in the direction of the resistance line at 0.59795 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.60581 |
| 2nd High | 0.59907 |
| Next High | 0.59795 |
| Current Price | 0.59699 |
| Next Low | 0.59570 |
| 2nd Low | 0.59223 |
| 3rd Low | 0.58789 |
0.59795 – 0.59634 – 0.59594 – 0.59570 – 0.59223 – 0.59287 — 61.110465120671 – 53.365970653209 — 13.054718595395 – 13.054718595395 – 16.604372353613 – 14.026087110703
Trading Signals: FOREX – NZD – NZD/USD – USD – – Double bottom retreat down – –