NZD/USD – 30M – SELLThe combination goes from the bullish trendline downwards
A descent down to the next support at 0.59582 is expected.
Caution: A possible trend reversal in the direction of the resistance level at 0.60103 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.59703766 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support level at 0.60103 could happen.
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 | 0.60103 |
| Current Price | 0.59657 |
| Next Low | 0.59582 |
| 2nd Low | 0.59396 |
| 3rd Low |