The combination jumps from the ascending trendline downwards
A descent downwards to the next support level at 0.59573 will continue.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.59972 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 0.59573 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of support at 0.59972 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
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 |
0.59689 |
Next Low |
0.59573 |
2nd Low |
|
3rd Low |
|
Download NZD/USD Signal Image
Trading Signals: FOREX – NZD – NZD/USD – USD