NZD/USD – 1H – SELLThe currency pair jumps from the bearish trendline down.
A continuation of the downtrend down to the next support at is certain.
Caution: A possible counter-trend in the direction of the resistance level at 0.60315 should always be considered.
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 0.59868 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support zone at 0.60315 should always be considered.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.60836 |
| 2nd High | 0.60607 |
| Next High | 0.60315 |
| Current Price | 0.59782 |
| Next Low | |
| 2nd Low | |
| 3rd Low |