NZD/USD – 30M – SELLThe currency pair moves from the descending trendline downwards
A continuation of the downtrend downwards to the next support at 0.59573 will persist.
Caution: A possible change in the direction of resistance at 0.59892 could occur.
Please make appropriate stop-loss settings in the case of a trade.
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 0.59573 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support level at 0.59892 could occur.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.60130 |
| 2nd High | 0.59972 |
| Next High | 0.59892 |
| Current Price | 0.59600 |
| Next Low | 0.59573 |
| 2nd Low | |
| 3rd Low |