NZD/USD – 30M – BUYThe currency pair moves from the bullish trendline down.
A bearish descent downwards to the next support level at 0.62642 is certain.
Caution: A possible reversal of the trend in the direction of resistance at 0.63783 could be enabled.
Consider stop-loss settings accordingly.
Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is certain. Current target is 0.632125 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of resistance at 0.63783 could be enabled.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.63783 |
| Current Price | 0.63019 |
| Next Low | 0.62642 |
| 2nd Low | 0.62520 |
| 3rd Low | 0.62248 |