NZD/USD – 1H – SELLThe currency pair goes from the ascending trendline downwards
A bearish movement down to the next support at 0.60206 is certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.60607 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Target of the current trend is 0.60206 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support zone at 0.60607 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.61054 |
| 2nd High | 0.60836 |
| Next High | 0.60607 |
| Current Price | 0.60270 |
| Next Low | 0.60206 |
| 2nd Low | |
| 3rd Low |