NZD/USD – 30M – BUYThe pair jumps from the ascending trendline downwards
A descending movement down to the next support line at 0.59664 is certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.60103 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend halted around the Fibonacci 1-Level.Continuation of the current ascending trend is certain. Current target is 0.59703766 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 0.60103 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.60315 |
| 2nd High | 0.60151 |
| Next High | 0.60103 |
| Current Price | 0.59720 |
| Next Low | 0.59664 |
| 2nd Low | 0.59582 |
| 3rd Low | 0.59396 |