NZD/USD – 30M – BUY
The currency pair goes from the ascending trendline downwards
A bearish descent downwards to the next support line at 0.61826 is certain.
Caution: A possible trend reversal in the direction of resistance at 0.62025 is within the realm of possibility.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is certain. Current target is 0.62025 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of resistance at 0.62025 is within the realm of possibility.
Consider stop-loss settings accordingly.
Support & Resistance | Price Range* |
---|---|
3rd High | 0.62704 |
2nd High | 0.62539 |
Next High | 0.62025 |
Current Price | 0.61941 |
Next Low | 0.61826 |
2nd Low | 0.61800 |
3rd Low | 0.61539 |