NZD/USD – 1H – SELLThe combination goes from the descending trendline downwards
A continuation of the downward movement downwards to the next support at 0.59664 will continue.
Caution: A possible trend reversal in the direction of resistance at 0.60151 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.60607 |
| 2nd High | 0.60315 |
| Next High | 0.60151 |
| Current Price | 0.59206 |
| Next Low | 0.59664 |
| 2nd Low | 0.59582 |
| 3rd Low | 0.59396 |