NZD/USD – 1H – SELLThe currency pair moves from the ascending trendline down.
The bearish trend downwards to the next support level at 0.60534 is expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.61405 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.63131 |
| 2nd High | 0.61446 |
| Next High | 0.61405 |
| Current Price | 0.61098 |
| Next Low | 0.60534 |
| 2nd Low | 0.60522 |
| 3rd Low | 0.59739 |