NZD/USD – 1H – SELLThe combination jumps from the ascending trendline downwards
A bearish movement downwards to the next support line at 0.62642 will continue.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.63131 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.6252 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the support line at 0.63131 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.63783 |
| Next High | 0.63131 |
| Current Price | 0.62706 |
| Next Low | 0.62642 |
| 2nd Low | 0.62520 |
| 3rd Low | 0.62248 |