NZD/USD – 1H – BUYThe currency pair breaks through the bearish trendline up.
A bullish trend up to the next resistance line at 0.62597 is likely expected.
Caution: A possible counter-trend in the direction of the support line at 0.61807 should always be considered.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Current target is 0.62683 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of resistance at 0.62597 should always be considered.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.62739 |
| 2nd High | 0.62683 |
| Next High | 0.62597 |
| Current Price | 0.62373 |
| Next Low | 0.61807 |
| 2nd Low | 0.61753 |
| 3rd Low | 0.61518 |