NZD/USD – 1H – BUYCorrection of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Current target is 0.61688014 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the resistance line at 0.61567 could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.61859 |
| 2nd High | 0.61649 |
| Next High | 0.61567 |
| Current Price | 0.61549 |
| Next Low | 0.61060 |
| 2nd Low | 0.59739 |
| 3rd Low | 0.59126 |