NZD/USD – 30M – SELL
The combination goes from the bullish trendline downwards
The bearish trend downwards to the next support at 0.60522 is likely expected.
Caution: A possible trend reversal in the direction of the resistance zone at 0.60919 could occur.
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 likely expected. Target of the current trend is 0.60522 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support level at 0.60919 could occur.
Consider stop-loss settings accordingly.
Support & Resistance | Price Range* |
---|---|
3rd High | 0.61446 |
2nd High | 0.61405 |
Next High | 0.60919 |
Current Price | 0.60748 |
Next Low | 0.60522 |
2nd Low | 0.60145 |
3rd Low | 0.59781 |