NZD/USD – 30M – SELLThe currency pair jumps from the descending trendline downwards
A continuation of the downward movement downwards to the next support at will continue.
Caution: A possible change in the direction of the resistance level at 0.59827 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 0.59573 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support level at 0.59827 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.59972 |
| 2nd High | 0.59892 |
| Next High | 0.59827 |
| Current Price | 0.59543 |
| Next Low | |
| 2nd Low | |
| 3rd Low |