NZD/USD – 1H – BUYThe pair jumps from the bullish trendline upwards
A continuation of the uptrend up to the next resistance at 0.62539 is certain.
Caution: A possible counter-trend in the direction of the support line at 0.61753 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is certain. Target of the current trend is 0.62106 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance zone at 0.62539 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.62988 |
| 2nd High | 0.62739 |
| Next High | 0.62539 |
| Current Price | 0.62202 |
| Next Low | 0.61753 |
| 2nd Low | 0.61518 |
| 3rd Low | 0.61060 |