NZD/USD – 1H – SELL
The pair moves from the ascending trendline downwards
The bearish trend downwards to the next support level at 0.60440 is expected.
Caution: A possible trend reversal in the direction of the resistance line at 0.60795 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Current target is 0.60393 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support level at 0.60795 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Support & Resistance | Price Range* |
---|---|
3rd High | 0.61191 |
2nd High | 0.61054 |
Next High | 0.60795 |
Current Price | 0.60507 |
Next Low | 0.60440 |
2nd Low | 0.60393 |
3rd Low |