NZD/USD – 1H – SELL

The pair New Zealand Dollar/US Dollar (NZD/USD) moves from the descending trendline down.

A continuation of the downward movement down to the next support at 0.56994 is expected.

Caution: A possible trend reversal in the direction of resistance at 0.57357 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative chart signal. The currency pair is likely to fall.

0.57357 – 0.57772 – 0.5735 – 0.56994 – 0.56974 – 0.56992 —
0.57293 – 0.57184 —
47.55500876032 – 45.46581595467 —
– —
0.57357 – 1775149200

Trading Signals: FOREX – NZD – NZD/USD – USD – – – – – – – – – –