NZD/USD – 30M – BUYThe currency pair goes from the descending trendline up.
An ascent upwards to the next resistance line at 0.60793 will continue.
Caution: A possible counter-trend in the direction of the support zone at 0.60393 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Target of the current trend is 0.607235 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of resistance at 0.60793 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.61054 |
| 2nd High | 0.60891 |
| Next High | 0.60793 |
| Current Price | 0.60566 |
| Next Low | 0.60393 |
| 2nd Low | |
| 3rd Low |