NZD/USD – 1H – BUYThe currency pair breaks through the descending trendline up.
An ascending movement up to the next resistance at 0.63131 is certain.
Caution: A possible trend reversal in the direction of the support level at 0.61518 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.63783 |
| Next High | 0.63131 |
| Current Price | 0.61615 |
| Next Low | 0.61518 |
| 2nd Low | 0.61060 |
| 3rd Low | 0.59739 |