NZD/USD – 1H – SELLThe currency pair goes from the ascending trendline down.
A descending movement down to the next support level at 0.59582 is likely expected.
Caution: A possible counter-trend in the direction of the resistance zone at 0.60203 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.60607 |
| 2nd High | 0.60315 |
| Next High | 0.60203 |
| Current Price | 0.59632 |
| Next Low | 0.59582 |
| 2nd Low | 0.59396 |
| 3rd Low |