NZD/USD – 30M – BUYThe combination jumps from the descending trendline downwards
A continuation of the downward movement down to the next support at 0.61753 is expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.62539 should always be considered.
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. Current target is 0.62106 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 0.62539 should always be considered.
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 | 0.62158 |
| Next Low | 0.61753 |
| 2nd Low | 0.61539 |
| 3rd Low | 0.61518 |