NZD/USD – 30M – SELLThe pair jumps from the bullish trendline down.
A bearish descent downwards to the next support at 0.59630 is certain.
Caution: A possible change in the direction of resistance at 0.59798 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Target of the current trend is 0.59644 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support line at 0.59798 could happen.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.59827 |
| 2nd High | 0.59802 |
| Next High | 0.59798 |
| Current Price | 0.59711 |
| Next Low | 0.59630 |
| 2nd Low | 0.59396 |
| 3rd Low |