NZD/USD – 30M – BUYThe combination jumps from the bearish trendline upwards
A bullish ascent upwards to the next resistance level at 0.59827 is expected.
Caution: A possible counter-trend in the direction of the support level at 0.59573 could be enabled.
Consider stop-loss settings accordingly.
Correction of the major bearish trend broke through the Fibonacci 0-Level.Continuation of the current ascending trend is expected. Current target is 0.59704452 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the resistance level at 0.59827 could be enabled.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.59972 |
| 2nd High | 0.59892 |
| Next High | 0.59827 |
| Current Price | 0.59610 |
| Next Low | 0.59573 |
| 2nd Low | |
| 3rd Low |