Also there is a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. which could be a negative chart signal. The currency pair is likely to fall.
Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Current target is 0.57789 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the support zone at 0.58322 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.58867 |
| 2nd High | 0.58473 |
| Next High | 0.58322 |
| Current Price | 0.57961 |
| Next Low | 0.57789 |
| 2nd Low | 0.56939 |
| 3rd Low | 0.56889 |
0.58322 – 0.58473 – 0.58366 – 0.57999 – 0.57986 – 0.57789 —
0.58198 – 0.58067 —
43.681110775757 – 45.047113253744 —
– —
0.58322 – 1781107200
Trading Signals: FOREX – NZD – NZD/USD – USD – – – – – – – – – –