NZD/USD – 1H – SELLThe pair New Zealand Dollar/US Dollar (NZD/USD) goes from the descending trendline down.
A continuation of the downward movement down to the next support at 0.60274 is expected.
Caution: A possible change in the direction of the resistance zone at 0.60582 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.60799 |
| 2nd High | 0.60651 |
| Next High | 0.60582 |
| Current Price | 0.60426 |
| Next Low | 0.60274 |
| 2nd Low | 0.60061 |
| 3rd Low | 0.59914 |
0.60582 – 0.60651 – 0.60799 – 0.60274 – 0.60061 – 0.59914
Trading Signals: FOREX – NZD – NZD/USD – USD – Three Outside Down