Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Current target is 0.58603 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of support at 0.5926 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.5964 |
| 2nd High | 0.59287 |
| Next High | 0.5926 |
| Current Price | 0.58895 |
| Next Low | 0.58147 |
| 2nd Low | 0.57919 |
| 3rd Low | 0.5681 |
0.5926 – 0.59235 – 0.59223 – 0.58147 – 0.58397 – 0.58492 —
0.59200 – 0.58907 —
54.583416737923 – 50.432211351326 —
– —
0.5926 – 1777867200
Trading Signals: FOREX – NZD – NZD/USD – USD – – – – – – – – – –