NZD/USD – 30M – SELLThe combination moves from the bearish trendline downwards
A continuation of the bearish trend down to the next support level at will persist.
Caution: A possible trend reversal in the direction of the resistance level at 0.60315 should always be considered.
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 will persist. Current target is 0.59868 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support zone at 0.60315 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.60607 |
| 2nd High | 0.60525 |
| Next High | 0.60315 |
| Current Price | 0.59799 |
| Next Low | |
| 2nd Low | |
| 3rd Low |