NZD/USD – 30M – SELLThe pair goes from the ascending trendline downwards
A bearish trend downwards to the next support line at 0.59909 will persist.
Caution: A possible trend reversal in the direction of the resistance zone at 0.60315 could happen.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.59909 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support level at 0.60315 could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.60607 |
| 2nd High | 0.60525 |
| Next High | 0.60315 |
| Current Price | 0.60064 |
| Next Low | 0.59909 |
| 2nd Low | |
| 3rd Low |