NZD/USD – 30M – SELLThe combination moves from the ascending trendline down.
A bearish trend down to the next support line at 0.60440 is likely expected.
Caution: A possible change in the direction of resistance at 0.60738 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.60510528 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support level at 0.60738 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.60793 |
| 2nd High | 0.60752 |
| Next High | 0.60738 |
| Current Price | 0.60575 |
| Next Low | 0.60440 |
| 2nd Low | 0.60393 |
| 3rd Low |