NZD/USD – 30M – BUYThe pair jumps from the bullish trendline down.
A descent down to the next support at 0.60528 will persist.
Caution: A possible change in the direction of the resistance level at 0.60836 is within the realm of possibility.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will persist. Target of the current trend is 0.60638 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance level at 0.60836 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.61054 |
| 2nd High | 0.60891 |
| Next High | 0.60836 |
| Current Price | 0.60556 |
| Next Low | 0.60528 |
| 2nd Low | 0.60440 |
| 3rd Low | 0.60393 |