NZD/USD – 1H – SELLThe combination moves from the ascending trendline down.
The bearish trend down to the next support at 0.61807 is certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.62672 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Target of the current trend is 0.61866 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of support at 0.62672 could occur.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.62988 |
| 2nd High | 0.62739 |
| Next High | 0.62672 |
| Current Price | 0.62254 |
| Next Low | 0.61807 |
| 2nd Low | 0.61753 |
| 3rd Low | 0.61518 |