NZD/USD – 1H – BUYThe combination New Zealand Dollar/US Dollar (NZD/USD) breaks through the bearish trendline up.
A bullish movement upwards to the next resistance at 0.58855 will persist.
Caution: A possible change in the direction of the support level at 0.58634 could happen.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will persist. Current target is 0.587875 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance zone at 0.58855 could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.59470 |
| 2nd High | 0.59216 |
| Next High | 0.58855 |
| Current Price | 0.58654 |
| Next Low | 0.58634 |
| 2nd Low | 0.58359 |
| 3rd Low |