NZD/USD – 30M – SELL
The pair goes from the ascending trendline down.
A descending movement down to the next support level at 0.61826 will persist.
Caution: A possible trend reversal in the direction of the resistance level at 0.62025 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Current target is 0.617715 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of support at 0.62025 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Support & Resistance | Price Range* |
---|---|
3rd High | 0.62704 |
2nd High | 0.62539 |
Next High | 0.62025 |
Current Price | 0.61830 |
Next Low | 0.61826 |
2nd Low | 0.61800 |
3rd Low | 0.61539 |