NZD/USD – 1H – SELLCorrection of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Current target is 0.60548996 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support line at 0.60795 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.61191 |
| 2nd High | 0.61054 |
| Next High | 0.60795 |
| Current Price | 0.60555 |
| Next Low | 0.60528 |
| 2nd Low | 0.60440 |
| 3rd Low | 0.60393 |