NZD/USD – 1H – BUYThe pair goes from the ascending trendline down.
A bearish descent downwards to the next support at 0.62520 is likely expected.
Caution: A possible trend reversal in the direction of resistance at 0.63552 should be noted.
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 0.63552 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of resistance at 0.63552 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.63552 |
| Current Price | 0.63279 |
| Next Low | 0.62520 |
| 2nd Low | 0.62248 |
| 3rd Low | 0.62095 |