NZD/USD – 4H – BUYThe currency pair New Zealand Dollar/US Dollar (NZD/USD) moves from the descending trendline downwards
A continuation of the downtrend down to the next support at 0.58936 is certain.
Caution: A possible change in the direction of the resistance level at 0.60312 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.60312 |
| Current Price | 0.59475 |
| Next Low | 0.58936 |
| 2nd Low | 0.58602 |
| 3rd Low | 0.58462 |
0.60312 – 0.59675 – 0.59685 – 0.58936 – 0.58602 – 0.58462
Trading Signals: FOREX – NZD – NZD/USD – USD – Shooting Star