NZD/USD – 1H – SELLThe combination New Zealand Dollar/US Dollar (NZD/USD) moves from the descending trendline down.
A continuation of the bearish trend downwards to the next support at is likely expected.
Caution: A possible change in the direction of the resistance zone at 0.59793 could be enabled.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.60312 |
| Next High | 0.59793 |
| Current Price | 0.59396 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.59793 – 0.60312 – 0.59675 – 0.59235 – 0.58936 – 0.58938
Trading Signals: FOREX – NZD – NZD/USD – USD – Three Black Crows