NZD/USD – 1H – SELLThe pair moves from the bullish trendline down.
A bearish movement down to the next support line at 0.59396 is likely expected.
Caution: A possible trend reversal in the direction of the resistance line at 0.59802 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.59612884 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support level at 0.59802 is within the realm of possibility.
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 | 0.59802 |
| Current Price | 0.59792 |
| Next Low | 0.59396 |
| 2nd Low | |
| 3rd Low |