NZD/USD – 1H – SELLThe combination goes from the bullish trendline downwards
A bearish movement down to the next support level at 0.62586 is expected.
Caution: A possible change in the direction of resistance at 0.63552 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.6218043 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support line at 0.63552 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.63552 |
| Current Price | 0.62620 |
| Next Low | 0.62586 |
| 2nd Low | 0.62248 |
| 3rd Low | 0.62095 |