NZD/USD – 1H – SELL
The currency pair jumps from the bullish trendline downwards
A descending movement down to the next support at 0.59909 will persist.
Caution: A possible trend reversal in the direction of resistance at 0.60607 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.59909 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of support at 0.60607 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Support & Resistance | Price Range* |
---|---|
3rd High | 0.61054 |
2nd High | 0.60836 |
Next High | 0.60607 |
Current Price | 0.60064 |
Next Low | 0.59909 |
2nd Low | |
3rd Low |