NZD/USD – 1H – BUYThe combination New Zealand Dollar/US Dollar (NZD/USD) breaks through the ascending trendline up.
A continuation of the uptrend up to the next resistance at 0.59216 will persist.
Caution: A possible reversal of the trend in the direction of the support zone at 0.58800 could be enabled.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend will persist. Current target is 0.59077 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 0.59216 could be enabled.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.59722 |
| 2nd High | 0.59470 |
| Next High | 0.59216 |
| Current Price | 0.59207 |
| Next Low | 0.58800 |
| 2nd Low | 0.58151 |
| 3rd Low | 0.57965 |