NZD/USD – 30M – 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 0.60548996 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support zone at 0.60891 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.61191 |
| 2nd High | 0.61054 |
| Next High | 0.60891 |
| Current Price | 0.60665 |
| Next Low | 0.60393 |
| 2nd Low | |
| 3rd Low |