NZD/USD – 1H – SELLThe combination jumps from the bullish trendline downwards
A bearish trend downwards to the next support at 0.59739 is certain.
Caution: A possible trend reversal in the direction of the resistance line at 0.61446 could occur.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is certain. Target of the current trend is 0.61068 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support level at 0.61446 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.63783 |
| 2nd High | 0.63131 |
| Next High | 0.61446 |
| Current Price | 0.60880 |
| Next Low | 0.59739 |
| 2nd Low | 0.59126 |
| 3rd Low | 0.58494 |