NZD/USD – 30M – BUYThe pair New Zealand Dollar/US Dollar (NZD/USD) jumps from the descending trendline upwards
An ascent up to the next resistance at 0.58541 is likely expected.
Caution: A possible reversal of the trend in the direction of the support level at 0.58221 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend broke through the Fibonacci 0-Level.Continuation of the current ascending trend is likely expected. Current target is 0.5845582 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 0.58541 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.58855 |
| 2nd High | 0.58838 |
| Next High | 0.58541 |
| Current Price | 0.58277 |
| Next Low | 0.58221 |
| 2nd Low | |
| 3rd Low |