NZD/USD – 30M – BUYThe pair goes from the bullish trendline downwards
A descending movement downwards to the next support line at 0.59582 is expected.
Caution: A possible counter-trend in the direction of resistance at 0.60130 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is expected. Current target is 0.59987 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of resistance at 0.60130 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.60525 |
| 2nd High | 0.60315 |
| Next High | 0.60130 |
| Current Price | 0.60110 |
| Next Low | 0.59582 |
| 2nd Low | 0.59396 |
| 3rd Low |