NZD/USD – 1H – BUYThe combination New Zealand Dollar/US Dollar (NZD/USD) jumps from the ascending trendline downwards
A bearish descent down to the next support line at 0.59434 is considered certain.
Caution: A possible counter-trend in the direction of the resistance level at 0.60007 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 0.59955 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance level at 0.60007 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.60291 |
| 2nd High | 0.60131 |
| Next High | 0.60007 |
| Current Price | 0.59998 |
| Next Low | 0.59434 |
| 2nd Low | 0.58932 |
| 3rd Low | 0.58859 |
0.59955 – 0.59771 – 0.59508 – 0.59434 – 0.58932 – 0.58979