NZD/USD – 1H – SELLThe currency pair New Zealand Dollar/US Dollar (NZD/USD) goes from the bullish trendline downwards
A descending movement downwards to the next support at 0.56342 will persist.
Caution: A possible trend reversal in the direction of the resistance level at 0.56886 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘%K crosses below %D’ indicator layout is discovered. The indicator is ‘%K crosses below %D’. which could be a negative chart signal. The currency pair is likely to fall.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Current target is 0.56419512 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support zone at 0.56886 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.5691 |
| 2nd High | 0.56905 |
| Next High | 0.56886 |
| Current Price | 0.56500 |
| Next Low | 0.56342 |
| 2nd Low | 0.5631 |
| 3rd Low | 0.56268 |
0.56886 – 0.56905 – 0.5691 – 0.56342 – 0.5645 – 0.5631 —
0.56713 – 0.56592 —
50.165470127672 – 43.647770251198 —
– —
0.56886 – 1763373600