NZD/USD – 1H – SELLCorrection of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Current target is 0.618715 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support line at 0.62683 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.62988 |
| 2nd High | 0.62739 |
| Next High | 0.62683 |
| Current Price | 0.62281 |
| Next Low | 0.61807 |
| 2nd Low | 0.61753 |
| 3rd Low | 0.61518 |