NZD/USD – 30M – SELLThe combination moves from the ascending trendline down.
A bearish movement down to the next support line at 0.60206 will continue.
Caution: A possible counter-trend in the direction of resistance at 0.60607 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.6035468 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support level at 0.60607 could occur.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.60891 |
| 2nd High | 0.60836 |
| Next High | 0.60607 |
| Current Price | 0.60448 |
| Next Low | 0.60206 |
| 2nd Low | |
| 3rd Low |