NZD/USD – 1H – SELLThe pair New Zealand Dollar/US Dollar (NZD/USD) moves from the ascending trendline downwards
The bearish trend downwards to the next support at 0.58177 will continue.
Caution: A possible trend reversal in the direction of resistance at 0.60818 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.61058 |
| 2nd High | 0.60925 |
| Next High | 0.60818 |
| Current Price | 0.59699 |
| Next Low | 0.58177 |
| 2nd Low | 0.57995 |
| 3rd Low | 0.5485 |
0.59634 – 0.59594 – 0.59453 – 0.58177 – 0.58283 – 0.58518 — 68.402093155916 – 60.57552199286 — 90.001348435814 – 70.212083401692 – 90.291262135922 – 83.042454368602
Trading Signals: FOREX – NZD – NZD/USD – USD – – Double bottom retreat down – –