NZD/USD – 30M – BUY
The combination goes from the bullish trendline down.
The bearish trend downwards to the next support at 0.59304 is considered certain.
Caution: A possible trend reversal in the direction of the resistance zone at 0.60203 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend is considered certain. Current target is 0.60203 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the resistance zone at 0.60203 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Support & Resistance | Price Range* |
---|---|
3rd High | 0.60525 |
2nd High | 0.60315 |
Next High | 0.60203 |
Current Price | 0.60067 |
Next Low | 0.59304 |
2nd Low | 0.59115 |
3rd Low |