NZD/USD – 30M – SELLCorrection of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Current target is 0.62218 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of support at 0.62516 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.62704 |
| 2nd High | 0.62683 |
| Next High | 0.62516 |
| Current Price | 0.62374 |
| Next Low | 0.62247 |
| 2nd Low | 0.62176 |
| 3rd Low | 0.61807 |