NZD/USD – 30M – BUYThe currency pair moves from the ascending trendline down.
A bearish trend down to the next support level at 0.60732 is considered certain.
Caution: A possible counter-trend in the direction of the resistance zone at 0.61054 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is considered certain. Current target is 0.608745 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance zone at 0.61054 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.61405 |
| 2nd High | 0.61191 |
| Next High | 0.61054 |
| Current Price | 0.60779 |
| Next Low | 0.60732 |
| 2nd Low | 0.60695 |
| 3rd Low | 0.60534 |