NZD/USD – 30M – SELLThe pair goes from the ascending trendline down.
The bearish trend down to the next support line at 0.62586 is considered certain.
Caution: A possible trend reversal in the direction of the resistance line at 0.63552 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Current target is 0.62406798 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support level at 0.63552 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.63552 |
| Current Price | 0.62747 |
| Next Low | 0.62586 |
| 2nd Low | 0.62248 |
| 3rd Low | 0.62095 |