The currency pair New Zealand Dollar/US Dollar (NZD/USD) goes from the descending trendline down.
A continuation of the bearish trend downwards to the next support line at 0.59248 is likely expected.
Caution: A possible change in the direction of resistance at 0.59764 is within the realm of possibility.
Consider stop-loss settings accordingly.
Support & Resistance | Price Range* |
---|---|
3rd High | 0.60063 |
2nd High | 0.59793 |
Next High | 0.59764 |
Current Price | 0.59597 |
Next Low | 0.59248 |
2nd Low | 0.59235 |
3rd Low | 0.58936 |
0.59764 – 0.59793 – 0.59715 – 0.59248 – 0.59437 – 0.59235
Trading Signals: FOREX – NZD – NZD/USD – USD – Three Outside Down