NZD/USD – 30M – SELLThe currency pair jumps from the ascending trendline down.
A descending movement down to the next support at 0.62586 is likely expected.
Caution: A possible counter-trend in the direction of the resistance level at 0.62797 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend is likely expected. Current target is 0.62631328 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support level at 0.62797 could happen.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.62988 |
| Next High | 0.62797 |
| Current Price | 0.62595 |
| Next Low | 0.62586 |
| 2nd Low | 0.62248 |
| 3rd Low | 0.62095 |