NZD/USD – 1H – SELL
The combination jumps from the descending trendline down.
A continuation of the downtrend downwards to the next support level at 0.60522 will persist.
Caution: A possible counter-trend in the direction of resistance at 0.61405 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Support & Resistance | Price Range* |
---|---|
3rd High | 0.63131 |
2nd High | 0.61446 |
Next High | 0.61405 |
Current Price | 0.60748 |
Next Low | 0.60522 |
2nd Low | 0.59739 |
3rd Low | 0.59126 |