NZD/USD – 30M – SELLThe combination goes from the bullish trendline downwards
A descending movement downwards to the next support level at 0.59185 is likely expected.
Caution: A possible counter-trend in the direction of the resistance level at 0.59333 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 0.24-Level.Continuation of the current descending trend is likely expected. Current target is 0.59092 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of support at 0.59333 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.59771 |
| 2nd High | 0.59722 |
| Next High | 0.59333 |
| Current Price | 0.59241 |
| Next Low | 0.59185 |
| 2nd Low | 0.59169 |
| 3rd Low | 0.59092 |