NZD/USD – 1H – BUYThe currency pair breaks through the ascending trendline up.
A continuation of the upward movement upwards to the next resistance line at 0.62539 will continue.
Caution: A possible counter-trend in the direction of the support level at 0.61753 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.62988 |
| 2nd High | 0.62739 |
| Next High | 0.62539 |
| Current Price | 0.62246 |
| Next Low | 0.61753 |
| 2nd Low | 0.61518 |
| 3rd Low | 0.61060 |