The pair New Zealand Dollar/US Dollar (NZD/USD) goes from the descending trendline downwards
A continuation of the bearish trend down to the next support at 0.58936 will persist.
Caution: A possible counter-trend in the direction of the resistance level at 0.60088 should always be considered.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.60794 |
| 2nd High | 0.60565 |
| Next High | 0.60088 |
| Current Price | 0.59240 |
| Next Low | 0.58936 |
| 2nd Low | 0.58796 |
| 3rd Low | 0.58662 |
0.60088 – 0.60565 – 0.60393 – 0.59636 – 0.59588 – 0.59639