NZD/USD – 30M – BUYCorrection of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is considered certain. Current target is 0.59944 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance line at 0.59892 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
The chart formed a ‘Three White Soldiers’ candlestick pattern, which means 3 higher candles in a row.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.60130 |
| 2nd High | 0.59972 |
| Next High | 0.59892 |
| Current Price | 0.59818 |
| Next Low | 0.59670 |
| 2nd Low | 0.59573 |
| 3rd Low |