NZD/USD – 30M – BUY
The combination moves from the ascending trendline down.
A bearish trend downwards to the next support level at 0.60522 will continue.
Caution: A possible counter-trend in the direction of the resistance zone at 0.60919 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Target of the current trend is 0.611255 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance zone at 0.60919 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Support & Resistance | Price Range* |
---|---|
3rd High | 0.61446 |
2nd High | 0.61405 |
Next High | 0.60919 |
Current Price | 0.60845 |
Next Low | 0.60522 |
2nd Low | 0.60145 |
3rd Low | 0.59781 |