The pair New Zealand Dollar/US Dollar (NZD/USD) goes from the descending trendline down.
A continuation of the downtrend downwards to the next support at 0.58356 is expected.
Caution: A possible trend reversal in the direction of the resistance zone at 0.59552 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.59943 |
| 2nd High | 0.59565 |
| Next High | 0.59552 |
| Current Price | 0.58873 |
| Next Low | 0.58356 |
| 2nd Low | 0.58336 |
| 3rd Low | 0.58205 |
0.59552 – 0.59565 – 0.59943 – 0.58356 – 0.59158 – 0.59279 —
0.58964 – 0.58952 —
47.659528916826 – 51.118486045718 —
– —
0.59552 – 1772506800
Trading Signals: FOREX – NZD – NZD/USD – USD – – – – – – – – – –