NZD/USD – 1H – BUYThe currency pair breaks through the bearish trendline upwards
A bullish trend upwards to the next resistance line at 0.60130 is expected.
Caution: A possible counter-trend in the direction of the support level at 0.59573 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Target of the current trend is 0.602045 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance level at 0.60130 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.60607 |
| 2nd High | 0.60315 |
| Next High | 0.60130 |
| Current Price | 0.59951 |
| Next Low | 0.59573 |
| 2nd Low | |
| 3rd Low |