NZD/USD – 30M – SELLThe pair New Zealand Dollar/US Dollar (NZD/USD) moves from the ascending trendline down.
The bearish trend down to the next support line at 0.58038 is expected.
Caution: A possible change in the direction of the resistance line at 0.58877 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Current target is 0.58238128 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support zone at 0.58877 could happen.
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 | 0.58376 |
| Next Low | 0.58038 |
| 2nd Low | 0.57965 |
| 3rd Low |