NZD/USD – 1H – SELLThe currency pair jumps from the descending trendline down.
A continuation of the downtrend down to the next support level at is likely expected.
Caution: A possible counter-trend in the direction of the resistance line at 0.60607 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.61054 |
| 2nd High | 0.60836 |
| Next High | 0.60607 |
| Current Price | 0.59990 |
| Next Low | |
| 2nd Low | |
| 3rd Low |