NZD/USD – 30M – BUYThe pair goes from the descending trendline downwards
A continuation of the bearish trend down to the next support line at 0.61826 is certain.
Caution: A possible trend reversal in the direction of the resistance line at 0.62106 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is certain. Current target is 0.61967232 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance line at 0.62106 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.62704 |
| 2nd High | 0.62539 |
| Next High | 0.62106 |
| Current Price | 0.61838 |
| Next Low | 0.61826 |
| 2nd Low | 0.61800 |
| 3rd Low | 0.61539 |