NZD/USD – 30M – BUYThe currency pair moves from the bearish trendline down.
A continuation of the downward movement down to the next support line at 0.61807 will continue.
Caution: A possible counter-trend in the direction of the resistance level at 0.62672 could be enabled.
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 will continue. Target of the current trend is 0.62455116 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the resistance level at 0.62672 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.62739 |
| 2nd High | 0.62704 |
| Next High | 0.62672 |
| Current Price | 0.62455 |
| Next Low | 0.61807 |
| 2nd Low | 0.61753 |
| 3rd Low | 0.61539 |