NZD/USD – 30M – SELLThe pair moves from the bearish trendline down.
A continuation of the downtrend downwards to the next support level at is considered certain.
Caution: A possible change in the direction of the resistance line at 0.60525 is also possible.
Consider stop-loss settings accordingly.
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 0.60206 at the Fibonacci level 0-Level. Caution: A possible change in the direction of support at 0.60525 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.60836 |
| 2nd High | 0.60607 |
| Next High | 0.60525 |
| Current Price | 0.60085 |
| Next Low | |
| 2nd Low | |
| 3rd Low |