There is also a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. which could be a negative chart signal. The currency pair is likely to fall.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Current target is 0.58568 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support zone at 0.59217 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.5964 |
| 2nd High | 0.59479 |
| Next High | 0.59217 |
| Current Price | 0.58886 |
| Next Low | 0.58149 |
| 2nd Low | 0.57919 |
| 3rd Low | 0.56939 |
0.59217 – 0.59195 – 0.5873 – 0.58915 – 0.58149 – 0.57919 —
0.59201 – 0.58964 —
56.455676565982 – 42.845621229422 —
– —
0.59217 – 1776319200
Trading Signals: FOREX – NZD – NZD/USD – USD – – – – – – – – – –