NZD/USD – 1H – BUYThe combination goes from the descending trendline downwards
A continuation of the bearish trend downwards to the next support at 0.59664 is likely expected.
Caution: A possible trend reversal in the direction of the resistance line at 0.60151 is within the realm of possibility.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Current target is 0.60151 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance line at 0.60151 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.60607 |
| 2nd High | 0.60315 |
| Next High | 0.60151 |
| Current Price | 0.59996 |
| Next Low | 0.59664 |
| 2nd Low | 0.59582 |
| 3rd Low | 0.59396 |