NZD/USD – 1H – SELLThe currency pair New Zealand Dollar/US Dollar (NZD/USD) jumps from the bullish trendline down.
A descent downwards to the next support level at 0.57965 is certain.
Caution: A possible change in the direction of the resistance line at 0.58877 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is certain. Current target is 0.58038 at the Fibonacci level 0-Level. Caution: A possible change in the direction of support at 0.58877 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.59044 |
| 2nd High | 0.58886 |
| Next High | 0.58877 |
| Current Price | 0.57982 |
| Next Low | 0.57965 |
| 2nd Low | |
| 3rd Low |