NZD/USD – 30M – SELLThe currency pair goes from the bullish trendline down.
A bearish trend downwards to the next support level at 0.60528 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.60738 is also possible.
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. Current target is 0.60510528 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of support at 0.60738 is also possible.
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 | 0.60603 |
| Next Low | 0.60528 |
| 2nd Low | 0.60440 |
| 3rd Low | 0.60393 |