NZD/USD – 30M – SELLThe currency pair jumps from the bullish trendline down.
A bearish trend downwards to the next support level at 0.60534 is certain.
Caution: A possible reversal of the trend in the direction of resistance at 0.61191 should always be considered.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Current target is 0.60665166 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support zone at 0.61191 should always be considered.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.61446 |
| 2nd High | 0.61405 |
| Next High | 0.61191 |
| Current Price | 0.60810 |
| Next Low | 0.60534 |
| 2nd Low | 0.60522 |
| 3rd Low | 0.60145 |