NZD/USD – 30M – BUYThe currency pair jumps from the bearish trendline downwards
A continuation of the downward movement downwards to the next support line at 0.61826 is expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.62539 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is expected. Target of the current trend is 0.62025 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 0.62539 could happen.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.62739 |
| 2nd High | 0.62704 |
| Next High | 0.62539 |
| Current Price | 0.62089 |
| Next Low | 0.61826 |
| 2nd Low | 0.61800 |
| 3rd Low | 0.61539 |