NZD/USD – 1H – SELL

The currency pair New Zealand Dollar/US Dollar (NZD/USD) jumps from the descending trendline down.

A continuation of the downtrend down to the next support level at 0.5769 is expected.

Caution: A possible counter-trend in the direction of the resistance line at 0.58441 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The pair is likely to go down.

0.58441 – 0.58322 – 0.58473 – 0.5769 – 0.57854 – 0.57999 —
0.58203 – 0.58389 —
54.177344082005 – 61.100371344189 —
– —
0.58441 – 1781215200

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