NZD/USD – 1H – BUYCorrection of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend is likely expected. Current target is 0.61859 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 0.61859 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.62739 |
| 2nd High | 0.62539 |
| Next High | 0.61859 |
| Current Price | 0.61731 |
| Next Low | 0.61060 |
| 2nd Low | 0.59739 |
| 3rd Low | 0.59126 |