NZD/USD – 30M – SELLThe currency pair moves from the ascending trendline downwards
A descending movement down to the next support line at 0.62520 is considered certain.
Caution: A possible change in the direction of the resistance zone at 0.63131 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 0.62642 at the Fibonacci level 0-Level. Caution: A possible change in the direction of support at 0.63131 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.63783 |
| Next High | 0.63131 |
| Current Price | 0.62589 |
| Next Low | 0.62520 |
| 2nd Low | 0.62248 |
| 3rd Low | 0.62095 |