NZD/USD – 30M – SELLThe combination goes from the ascending trendline downwards
The bearish trend downwards to the next support line at 0.61060 is certain.
Caution: A possible counter-trend in the direction of the resistance line at 0.61446 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Current target is 0.61068 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support zone at 0.61446 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.62086 |
| 2nd High | 0.61729 |
| Next High | 0.61446 |
| Current Price | 0.61065 |
| Next Low | 0.61060 |
| 2nd Low | 0.60663 |
| 3rd Low | 0.60145 |