NZD/USD – 1H – SELLMoreover a ‘Double bottom retreat down’ chart layout is found. The formation shows ‘Double bottom retreat down’. which is a bearish signal. The currency pair is likely to fall.
The currency pair New Zealand Dollar/US Dollar (NZD/USD) jumps from the ascending trendline downwards
A descent downwards to the next support level at 0.60073 is likely expected.
Caution: A possible reversal of the trend in the direction of resistance at 0.60503 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.60925 |
| 2nd High | 0.60818 |
| Next High | 0.60503 |
| Current Price | 0.60492 |
| Next Low | 0.60073 |
| 2nd Low | 0.59546 |
| 3rd Low | 0.5891 |
0.60503 – 0.59987 – 0.59749 – 0.60073 – 0.59546 – 0.5891 —
0.60365 – 0.60701 —
58.271241165257 – 70.436033323973 —
– —
0.60503 – 1769551200
Trading Signals: FOREX – NZD – NZD/USD – USD – – Double bottom retreat down – – – – – – – –