NZD/USD – 1H – SELLCorrection of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.58038 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support line at 0.58877 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.59044 |
| 2nd High | 0.58886 |
| Next High | 0.58877 |
| Current Price | 0.58230 |
| Next Low | 0.58038 |
| 2nd Low | 0.57965 |
| 3rd Low |