NZD/USD – 1H – SELLThe pair goes from the ascending trendline down.
A bearish trend downwards to the next support line at 0.62520 will persist.
Caution: A possible counter-trend in the direction of the resistance zone at 0.63783 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Current target is 0.6257649 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of support at 0.63783 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.63783 |
| Current Price | 0.62923 |
| Next Low | 0.62520 |
| 2nd Low | 0.62248 |
| 3rd Low | 0.62095 |