NZD/USD – 30M – SELLThe combination moves from the bullish trendline downwards
A bearish movement down to the next support line at 0.62278 is likely expected.
Caution: A possible change in the direction of the resistance zone at 0.62495 could occur.
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 likely expected. Target of the current trend is 0.62233768 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support zone at 0.62495 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.62683 |
| 2nd High | 0.62597 |
| Next High | 0.62495 |
| Current Price | 0.62279 |
| Next Low | 0.62278 |
| 2nd Low | 0.62095 |
| 3rd Low | 0.61807 |