NZD/USD – 1H – BUYThe pair goes from the bullish trendline downwards
The bearish trend downwards to the next support at 0.60206 will continue.
Caution: A possible trend reversal in the direction of resistance at 0.60607 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Current target is 0.60521 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of resistance at 0.60607 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.61054 |
| 2nd High | 0.60836 |
| Next High | 0.60607 |
| Current Price | 0.60480 |
| Next Low | 0.60206 |
| 2nd Low | |
| 3rd Low |