FX.co ★ NZD/USD

**Technical Analysis - NZDUSD.** For this instrument, the current price is 0.59031, located between 0-0.58908 and 50-0.59047. In this range, we have two very important levels: 23.6-0.58973 and 38.2-0.59014. The significance lies in their accuracy. When approaching them, it is advisable to trade on the rebound. Considering a scenario of breaking out of this range above the 50 level at 0.59047, we have three target levels: 61.8-0.59079, 76.4-0.59120, 123.6-0.59250. Upon reaching these levels, it makes sense to partially close long positions. If the price continues to decrease, it will lead to Fibonacci levels -38.2 and -61.8 (0.58802-0.58737), which will also be targets in case of selling. This Fibonacci grid is based on yesterday's data. Looking at the Fibonacci grid and the current price position of 0.59031 at its lower end, selling is currently more in demand. Therefore, in times of increased volatility, we can easily reach the -61.8 level, corresponding to the price of 0.58737.