NZD/USD – 30M – BUYThe currency pair jumps from the ascending trendline downwards
The bearish trend down to the next support level at 0.60534 will continue.
Caution: A possible reversal of the trend in the direction of resistance at 0.61054 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Current target is 0.61216038 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of resistance at 0.61054 could happen.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.61446 |
| 2nd High | 0.61405 |
| Next High | 0.61054 |
| Current Price | 0.60994 |
| Next Low | 0.60534 |
| 2nd Low | 0.60522 |
| 3rd Low | 0.60145 |