NZD/USD – 1H – SELLThe combination jumps from the bearish trendline down.
A continuation of the downward movement downwards to the next support line at will persist.
Caution: A possible counter-trend in the direction of the resistance line at 0.60130 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.60607 |
| 2nd High | 0.60315 |
| Next High | 0.60130 |
| Current Price | 0.59693 |
| Next Low | |
| 2nd Low | |
| 3rd Low |