Buy NZD/USD – 30M – BUY

The currency pair New Zealand Dollar/US Dollar (NZD/USD) jumps from the descending trendline downwards

A continuation of the bearish trend downwards to the next support line at 0.59248 is expected.

Caution: A possible trend reversal in the direction of the resistance zone at 0.59764 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Das Währungspaar New Zealand Dollar/US Dollar (NZD/USD) springt von der absteigenden Trendline abwärts

Eine Fortsetzung des bearigen Trends abwärts zum nächsten Unterstützungs-Level bei 0.59248 ist möglich.

Vorsicht: Eine Kursänderung in Richtung der Widerstandslinie bei 0.59764 sollte beachtet werden.
Bei einem Trade sollten entsprechende Stop-Loss Einstellungen dabei berücksichtigt werden.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Target of the current trend is 0.59430408 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support zone at 0.59764 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Support & Resistance Price Range*
3rd High 0.60063
2nd High 0.59793
Next High 0.59764
Current Price 0.59597
Next Low 0.59248
2nd Low 0.59235
3rd Low 0.58936

0.59764 – 0.59793 – 0.59715 – 0.59248 – 0.59437 – 0.59235

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