NZD/USD – 1H – BUYThe combination New Zealand Dollar/US Dollar (NZD/USD) moves from the ascending trendline downwards
A descending movement down to the next support line at 0.58359 is certain.
Caution: A possible counter-trend in the direction of the resistance zone at 0.58838 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend halted around the Fibonacci 1-Level.Continuation of the current ascending trend is certain. Current target is 0.58542398 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the resistance zone at 0.58838 is also possible.
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 | 0.58427 |
| Next Low | 0.58359 |
| 2nd Low | |
| 3rd Low |