NZD/USD – 1H – BUYThe currency pair breaks through the ascending trendline upwards
A continuation of the bullish trend upwards to the next resistance level at 0.63552 is considered certain.
Caution: A possible change in the direction of the support zone at 0.62520 could occur.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Current target is 0.63208148 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the resistance zone at 0.63552 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.63552 |
| Current Price | 0.63057 |
| Next Low | 0.62520 |
| 2nd Low | 0.62248 |
| 3rd Low | 0.62095 |