NZD/USD – 30M – SELLThe combination moves from the bullish trendline downwards
A descent down to the next support at 0.60534 will persist.
Caution: A possible change in the direction of the resistance zone at 0.61054 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.60730388 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support level at 0.61054 could happen.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.61446 |
| 2nd High | 0.61405 |
| Next High | 0.61054 |
| Current Price | 0.60905 |
| Next Low | 0.60534 |
| 2nd Low | 0.60522 |
| 3rd Low | 0.60145 |