The combination New Zealand Dollar/US Dollar (NZD/USD) jumps from the descending trendline down.
A continuation of the downward movement down to the next support level at is likely expected.
Caution: A possible counter-trend in the direction of the resistance line at 0.59793 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Support & Resistance | Price Range* |
---|---|
3rd High | |
2nd High | 0.60312 |
Next High | 0.59793 |
Current Price | 0.59585 |
Next Low | |
2nd Low | |
3rd Low |
0.59793 – 0.60312 – 0.59675 – 0.59235 – 0.58936 – 0.58938