NZD/USD – 30M – SELLThe pair jumps from the descending trendline down.
A continuation of the downtrend downwards to the next support line at 0.60279 is expected.
Caution: A possible counter-trend in the direction of the resistance zone at 0.60607 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.60206 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support zone at 0.60607 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.60891 |
| 2nd High | 0.60836 |
| Next High | 0.60607 |
| Current Price | 0.60314 |
| Next Low | 0.60279 |
| 2nd Low | 0.60206 |
| 3rd Low |