NZD/USD – 1H – SELL
The pair goes from the ascending trendline down.
A bearish trend downwards to the next support line at 0.62520 will persist.
Caution: A possible counter-trend in the direction of the resistance zone at 0.63783 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Current target is 0.6257649 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of support at 0.63783 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Support & Resistance | Price Range* |
---|---|
3rd High | |
2nd High | |
Next High | 0.63783 |
Current Price | 0.62923 |
Next Low | 0.62520 |
2nd Low | 0.62248 |
3rd Low | 0.62095 |