The pair moves from the descending trendline down.
A continuation of the downtrend downwards to the next support level at 0.60534 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.61054 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Current target is 0.60534 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.61054 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Support & Resistance |
Price Range* |
3rd High |
0.61405 |
2nd High |
0.61191 |
Next High |
0.61054 |
Current Price |
0.60608 |
Next Low |
0.60534 |
2nd Low |
0.60522 |
3rd Low |
0.59739 |
Download NZD/USD Signal Image
Trading Signals: FOREX – NZD – NZD/USD – USD