NZD/USD – 1H – SELLThe currency pair jumps from the bearish trendline downwards
A continuation of the downtrend down to the next support line at 0.60206 is considered certain.
Caution: A possible counter-trend in the direction of the resistance line at 0.60836 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.61191 |
| 2nd High | 0.61054 |
| Next High | 0.60836 |
| Current Price | 0.60469 |
| Next Low | 0.60206 |
| 2nd Low | |
| 3rd Low |