NZD/USD – 30M – SELLCorrection of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Current target is 0.598665 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support zone at 0.59982 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.60315 |
| 2nd High | 0.60151 |
| Next High | 0.59982 |
| Current Price | 0.59970 |
| Next Low | 0.59664 |
| 2nd Low | 0.59582 |
| 3rd Low | 0.59396 |