NZD/USD – 30M – SELLThe pair New Zealand Dollar/US Dollar (NZD/USD) jumps from the bearish trendline down.
A continuation of the bearish trend down to the next support level at 0.58038 is expected.
Caution: A possible change in the direction of the resistance level at 0.58877 should always be considered.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.58038 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support line at 0.58877 should always be considered.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.59044 |
| 2nd High | 0.58886 |
| Next High | 0.58877 |
| Current Price | 0.58178 |
| Next Low | 0.58038 |
| 2nd Low | 0.57965 |
| 3rd Low |