NZD/USD – 30M – SELLThe combination moves from the descending trendline downwards
A continuation of the downtrend down to the next support level at 0.59628 is certain.
Caution: A possible trend reversal in the direction of the resistance level at 0.59987 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.60315 |
| 2nd High | 0.60130 |
| Next High | 0.59987 |
| Current Price | 0.59603 |
| Next Low | 0.59628 |
| 2nd Low | 0.59396 |
| 3rd Low |