NZD/USD – 1H – SELLCorrection of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.60581328 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support line at 0.61054 could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.61405 |
| 2nd High | 0.61191 |
| Next High | 0.61054 |
| Current Price | 0.60665 |
| Next Low | 0.60393 |
| 2nd Low | |
| 3rd Low |