NZD/USD – 1H – BUYThe currency pair jumps from the bearish trendline downwards
A continuation of the downward movement down to the next support line at 0.62248 is likely expected.
Caution: A possible change in the direction of the resistance zone at 0.62988 is also possible.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 0.62683 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the resistance zone at 0.62988 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.62988 |
| Current Price | 0.62777 |
| Next Low | 0.62248 |
| 2nd Low | 0.62095 |
| 3rd Low | 0.61807 |