NZD/USD – 1H – SELLThe pair goes from the bearish trendline downwards
A continuation of the downtrend down to the next support level at 0.59573 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.59972 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.60315 |
| 2nd High | 0.60130 |
| Next High | 0.59972 |
| Current Price | 0.59600 |
| Next Low | 0.59573 |
| 2nd Low | |
| 3rd Low |