NZD/USD – 30M – BUYThe currency pair goes from the ascending trendline downwards
A bearish descent downwards to the next support line at 0.61826 is certain.
Caution: A possible trend reversal in the direction of resistance at 0.62025 is within the realm of possibility.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is certain. Current target is 0.62025 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of resistance at 0.62025 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.62704 |
| 2nd High | 0.62539 |
| Next High | 0.62025 |
| Current Price | 0.61941 |
| Next Low | 0.61826 |
| 2nd Low | 0.61800 |
| 3rd Low | 0.61539 |