The combination moves from the ascending trendline downwards
A descent down to the next support level at 0.59573 is considered certain.
Caution: A possible counter-trend in the direction of the resistance level at 0.59972 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 0.60049 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance level at 0.59972 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
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 |
0.59808 |
Next Low |
0.59573 |
2nd Low |
|
3rd Low |
|
Download NZD/USD Signal Image
Trading Signals: FOREX – NZD – NZD/USD – USD