NZD/USD – 30M – BUYThe pair New Zealand Dollar/US Dollar (NZD/USD) moves from the bullish trendline downwards
A descending movement downwards to the next support at 0.56350 is considered certain.
Caution: A possible counter-trend in the direction of resistance at 0.56593 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is considered certain. Current target is 0.564545 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of resistance at 0.56593 could happen.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.56719 |
| 2nd High | 0.56607 |
| Next High | 0.56593 |
| Current Price | 0.56391 |
| Next Low | 0.56350 |
| 2nd Low | 0.56333 |
| 3rd Low | 0.56316 |