NZD/USD – 1H – SELLThe pair moves from the ascending trendline downwards
The bearish trend downwards to the next support level at 0.60440 is expected.
Caution: A possible trend reversal in the direction of the resistance line at 0.60795 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Current target is 0.60393 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support level at 0.60795 could occur.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.61191 |
| 2nd High | 0.61054 |
| Next High | 0.60795 |
| Current Price | 0.60507 |
| Next Low | 0.60440 |
| 2nd Low | 0.60393 |
| 3rd Low |