NZD/USD – 1H – SELLThe pair New Zealand Dollar/US Dollar (NZD/USD) jumps from the descending trendline downwards
A continuation of the bearish trend down to the next support at 0.58359 is certain.
Caution: A possible change in the direction of the resistance zone at 0.58838 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.59216 |
| 2nd High | 0.58855 |
| Next High | 0.58838 |
| Current Price | 0.58265 |
| Next Low | 0.58359 |
| 2nd Low | |
| 3rd Low |