NZD/USD – 1H – SELLCorrection of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is expected. Current target is 0.61451 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of support at 0.63131 is also possible.
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 | 0.61232 |
| Next Low | 0.61060 |
| 2nd Low | 0.59739 |
| 3rd Low | 0.59126 |