NZD/USD – 1H – BUYThe combination jumps from the ascending trendline down.
A bearish movement downwards to the next support line at 0.62520 is considered certain.
Caution: A possible reversal of the trend in the direction of resistance at 0.63552 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is considered certain. Current target is 0.63552 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of resistance at 0.63552 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.63552 |
| Current Price | 0.63269 |
| Next Low | 0.62520 |
| 2nd Low | 0.62248 |
| 3rd Low | 0.62095 |