NZD/USD – 1H – BUY
The currency pair breaks through the bearish trendline upwards
An ascent upwards to the next resistance line at 0.59972 is considered certain.
Caution: A possible counter-trend in the direction of the support level at 0.59530 could happen.
Consider stop-loss settings accordingly.
Correction of the major bearish trend broke through the Fibonacci 0-Level.Continuation of the current ascending trend is considered certain. Current target is 0.59784172 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of resistance at 0.59972 could happen.
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 | 0.60315 |
2nd High | 0.60130 |
Next High | 0.59972 |
Current Price | 0.59614 |
Next Low | 0.59530 |
2nd Low | |
3rd Low |