NZD/USD – 30M – SELLThe combination New Zealand Dollar/US Dollar (NZD/USD) moves from the ascending trendline down.
A bearish trend down to the next support level at 0.60435 is expected.
Caution: A possible trend reversal in the direction of the resistance line at 0.60745 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. this is usually a bearish chart signal. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.60875 |
| 2nd High | 0.60794 |
| Next High | 0.60745 |
| Current Price | 0.60693 |
| Next Low | 0.60435 |
| 2nd Low | 0.60288 |
| 3rd Low | 0.60097 |
0.60745 – 0.60731 – 0.60395 – 0.60435 – 0.60288 – 0.60097