NZD/USD – 1H – SELLThe currency pair New Zealand Dollar/US Dollar (NZD/USD) jumps from the ascending trendline downwards
A bearish movement downwards to the next support level at 0.57585 is certain.
Caution: A possible change in the direction of the resistance zone at 0.57859 should be noted.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Current target is 0.57684332 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support level at 0.57859 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.58877 |
| 2nd High | 0.58171 |
| Next High | 0.57859 |
| Current Price | 0.57783 |
| Next Low | 0.57585 |
| 2nd Low | 0.57534 |
| 3rd Low |