The currency pair New Zealand Dollar/US Dollar (NZD/USD) jumps from the bullish trendline upwards
A continuation of the upward movement up to the next resistance at 0.59223 is likely expected.
Caution: A possible counter-trend in the direction of the support zone at 0.584 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. which is often a bullish chart signal. The currency pair could go up.
Correction of the major bullish trend halted around the Fibonacci 1-Level.Continuation of the current ascending trend is likely expected. Current target is 0.58589818 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of resistance at 0.59223 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.59479 |
| 2nd High | 0.59287 |
| Next High | 0.59223 |
| Current Price | 0.58526 |
| Next Low | 0.584 |
| 2nd Low | 0.58149 |
| 3rd Low | 0.57919 |
0.59223 – 0.59193 – 0.59203 – 0.584 – 0.58718 – 0.58492 —
0.58609 – 0.58601 —
33.261271850674 – 33.774572641034 —
– —
0.59223 – 1776855600
Trading Signals: FOREX – NZD – NZD/USD – USD – – – – – – – – – –