FX.co ★ NZDUSD H1: Bearish Rectangle

According to the chart of H1, NZDUSD formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.5883 - 0.0000 and support 0.5810 – 0.5810. In case the resistance level 0.5810 - 0.5810 is broken, the instrument is likely to follow the bearish trend.