NZD/USD – 4H – SELLThe pair New Zealand Dollar/US Dollar (NZD/USD) moves from the ascending trendline down.
A bearish trend downwards to the next support level at 0.58826 is certain.
Caution: A possible trend reversal in the direction of resistance at 0.60875 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.60875 |
| Current Price | 0.60922 |
| Next Low | 0.58826 |
| 2nd Low | 0.58602 |
| 3rd Low | 0.58462 |
0.60875 – 0.60710 – 0.60799 – 0.58826 – 0.59948 – 0.60061
Trading Signals: FOREX – NZD – NZD/USD – USD – – Inverse Head and Shoulder chart pattern