NZD/USD – 1H – BUYThe currency pair goes from the bullish trendline down.
A bearish descent down to the next support level at 0.60393 is considered certain.
Caution: A possible trend reversal in the direction of the resistance line at 0.60793 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is considered certain. Current target is 0.60792 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance line at 0.60793 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.61191 |
| 2nd High | 0.61054 |
| Next High | 0.60793 |
| Current Price | 0.60704 |
| Next Low | 0.60393 |
| 2nd Low | |
| 3rd Low |