NZD/USD – 1H – SELLThe currency pair moves from the bearish trendline down.
A continuation of the downtrend down to the next support at 0.61060 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.61446 could occur.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.63783 |
| 2nd High | 0.63131 |
| Next High | 0.61446 |
| Current Price | 0.61176 |
| Next Low | 0.61060 |
| 2nd Low | 0.59739 |
| 3rd Low | 0.59126 |