NZD/USD – 30M – SELLThe pair goes from the ascending trendline downwards
The bearish trend downwards to the next support at 0.62954 is certain.
Caution: A possible trend reversal in the direction of the resistance level at 0.63783 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 the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Current target is 0.62954 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the support line at 0.63783 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 | 0.63783 |
| Current Price | 0.63108 |
| Next Low | 0.62954 |
| 2nd Low | 0.62520 |
| 3rd Low | 0.62248 |