NZD/USD – 1H – BUYThe pair New Zealand Dollar/US Dollar (NZD/USD) breaks through the descending trendline up.
A bullish movement upwards to the next resistance level at 0.58838 is likely expected.
Caution: A possible trend reversal in the direction of the support zone at 0.58359 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.59216 |
| 2nd High | 0.58855 |
| Next High | 0.58838 |
| Current Price | 0.58304 |
| Next Low | 0.58359 |
| 2nd Low | |
| 3rd Low |