NZD/USD – 30M – SELLThe combination jumps from the bearish trendline down.
A continuation of the bearish trend downwards to the next support at 0.63331 will persist.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.63668 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend broke the Fibonacci 0-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.63397072 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support line at 0.63668 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.63668 |
| Current Price | 0.63568 |
| Next Low | 0.63331 |
| 2nd Low | 0.62954 |
| 3rd Low | 0.62520 |