Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is certain. Current target is 0.60799 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the resistance line at 0.60651 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Northern Doji’ candlestick chart pattern is discovered. The candles form ‘Northern Doji’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.60799 |
| Next High | 0.60651 |
| Current Price | 0.60534 |
| Next Low | 0.60061 |
| 2nd Low | 0.59914 |
| 3rd Low | 0.59870 |
0.60651 – 0.60799 – 0.60542 – 0.60061 – 0.59914 – 0.59870
Trading Signals: FOREX – NZD – NZD/USD – USD – Northern Doji