NZD/USD – 30M – SELL
Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Current target is 0.59582 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.59982 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Support & Resistance | Price Range* |
---|---|
3rd High | 0.60315 |
2nd High | 0.60151 |
Next High | 0.59982 |
Current Price | 0.59700 |
Next Low | 0.59582 |
2nd Low | 0.59396 |
3rd Low |