NZD/USD – 30M – SELLThe currency pair New Zealand Dollar/US Dollar (NZD/USD) goes from the descending trendline downwards
A continuation of the downward movement downwards to the next support level at 0.58844 is expected.
Caution: A possible trend reversal in the direction of the resistance zone at 0.59202 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. this is usually a bearish signal. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.59743 |
| 2nd High | 0.59431 |
| Next High | 0.59202 |
| Current Price | 0.59063 |
| Next Low | 0.58844 |
| 2nd Low | 0.58703 |
| 3rd Low | 0.58607 |
0.59202 – 0.59053 – 0.59431 – 0.58844 – 0.58703 – 0.59142