NZD/USD – 1H – SELLThe combination jumps from the bearish trendline down.
A continuation of the downtrend downwards to the next support level at 0.60393 is likely expected.
Caution: A possible trend reversal in the direction of the resistance level at 0.60752 should always be considered.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.61054 |
| 2nd High | 0.60793 |
| Next High | 0.60752 |
| Current Price | 0.60626 |
| Next Low | 0.60393 |
| 2nd Low | |
| 3rd Low |