NZD/USD – 30M – BUYThe currency pair New Zealand Dollar/US Dollar (NZD/USD) jumps from the ascending trendline down.
The bearish trend down to the next support line at 0.56411 will continue.
Caution: A possible trend reversal in the direction of the resistance level at 0.56607 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Target of the current trend is 0.567225 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance level at 0.56607 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.57369 |
| 2nd High | 0.56719 |
| Next High | 0.56607 |
| Current Price | 0.56425 |
| Next Low | 0.56411 |
| 2nd Low | 0.56123 |
| 3rd Low | 0.56076 |