NZD/USD – 30M – BUY
The pair moves from the bullish trendline downwards
A bearish descent downwards to the next support level at 0.59530 is likely expected.
Caution: A possible reversal of the trend in the direction of resistance at 0.59802 could be enabled.
Consider stop-loss settings accordingly.
Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 0.59751 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of resistance at 0.59802 could be enabled.
Consider stop-loss settings accordingly.
The chart formed a ‘Three White Soldiers’ candlestick pattern, which means 3 higher candles in a row.
Support & Resistance | Price Range* |
---|---|
3rd High | 0.59892 |
2nd High | 0.59827 |
Next High | 0.59802 |
Current Price | 0.59679 |
Next Low | 0.59530 |
2nd Low | |
3rd Low |