NZD/USD – 30M – SELLThe pair New Zealand Dollar/US Dollar (NZD/USD) moves from the bullish trendline down.
A descent downwards to the next support at 0.58470 will persist.
Caution: A possible change in the direction of the resistance level at 0.58803 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
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 0.58388 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support line at 0.58803 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.59470 |
| 2nd High | 0.58828 |
| Next High | 0.58803 |
| Current Price | 0.58589 |
| Next Low | 0.58470 |
| 2nd Low | 0.58388 |
| 3rd Low |