NZD/USD – 30M – BUYThe combination jumps from the bearish trendline upwards
A bullish trend upwards to the next resistance line at 0.60987 is likely expected.
Caution: A possible trend reversal in the direction of the support line at 0.60695 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is likely expected. Current target is 0.61035948 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of resistance at 0.60987 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.61191 |
| 2nd High | 0.61011 |
| Next High | 0.60987 |
| Current Price | 0.60906 |
| Next Low | 0.60695 |
| 2nd Low | 0.60534 |
| 3rd Low | 0.60522 |