NZD/USD – 1H – SELL

The currency pair New Zealand Dollar/US Dollar (NZD/USD) goes from the bullish trendline downwards

A bearish descent downwards to the next support at 0.58865 will persist.

Caution: A possible counter-trend in the direction of the resistance zone at 0.59244 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. this is usually a bearish signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend will persist. Current target is 0.59009242 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of support at 0.59244 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

0.59244 – 0.59101 – 0.58915 – 0.58865 – 0.58147 – 0.58654 —
0.59008 – 0.59260 —
51.469068623391 – 69.616583376396 —
– —
0.59244 – 1777654800

Trading Signals: FOREX – NZD – NZD/USD – USD – – – – – – – – – –