NZD/USD – 1H – SELLThe combination goes from the bullish trendline downwards
A bearish movement downwards to the next support line at 0.60528 will continue.
Caution: A possible change in the direction of the resistance line at 0.60752 could happen.
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 will continue. Target of the current trend is 0.60581328 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support level at 0.60752 could happen.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.61054 |
| 2nd High | 0.60793 |
| Next High | 0.60752 |
| Current Price | 0.60693 |
| Next Low | 0.60528 |
| 2nd Low | 0.60440 |
| 3rd Low | 0.60393 |