Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 0.575625 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of support at 0.57784 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.58011 |
| 2nd High | 0.57881 |
| Next High | 0.57784 |
| Current Price | 0.57653 |
| Next Low | 0.57578 |
| 2nd Low | 0.57341 |
| 3rd Low | 0.57106 |
0.57784 – 0.57783 – 0.57774 – 0.57578 – 0.57609 – 0.57341 —
0.57618 – 0.57693 —
37.10178183441 – 53.01569113779 —
– —
0.57784 – 1764869400
Trading Signals: FOREX – NZD – NZD/USD – USD – – – – – – – – – –