NZD/USD – 1H – BUYThe pair breaks through the descending trendline up.
An ascending movement upwards to the next resistance line at 0.62597 is certain.
Caution: A possible counter-trend in the direction of the support zone at 0.62095 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.62739 |
| 2nd High | 0.62683 |
| Next High | 0.62597 |
| Current Price | 0.62355 |
| Next Low | 0.62095 |
| 2nd Low | 0.61807 |
| 3rd Low | 0.61753 |