NZD/USD – 1H – SELL

The currency pair New Zealand Dollar/US Dollar (NZD/USD) moves from the bullish trendline downwards

A descent downwards to the next support level at 0.55909 is likely expected.

Caution: A possible trend reversal in the direction of the resistance level at 0.56963 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is likely expected. Current target is 0.56712192 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support level at 0.56963 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

0.56963 – 0.56213 – 0.56153 – 0.55909 – 0.55823 – 0.55791 —
0.56725 – 0.56964 —
64.479444043875 – 75.385625283711 —
– —
0.56963 – 1764133200

Trading Signals: FOREX – NZD – NZD/USD – USD – – Double top retreat up – – – – – – – –