NZD/USD – 30M – BUYThe combination moves from the ascending trendline downwards
A descent down to the next support level at 0.59573 is considered certain.
Caution: A possible counter-trend in the direction of the resistance level at 0.59972 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 0.60049 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance level at 0.59972 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
The chart formed a ‘Three White Soldiers’ candlestick pattern, which means 3 higher candles in a row.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.60315 |
| 2nd High | 0.60130 |
| Next High | 0.59972 |
| Current Price | 0.59808 |
| Next Low | 0.59573 |
| 2nd Low | |
| 3rd Low |