FX.co - NZD/USD approaching a major support!

2019-05-24T02:43:45

Relevance until2019-05-25

Price is in a downtrend where it is expected that it will continue falling to approach its major support at 0.6467.

Entry : 0.6585

Why it's good : horizontal swing high resistance, 38.2% Fibonacci retracement

Stop Loss : 0.6689

Why it's good : 61.8% Fibonacci extension, 61.8% Fibonacci retracement

Take Profit : 0.6467

Why it's good : 61.8% Fibonacci extension

NZD/USD approaching a major support!

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Dean Leo

FX.co ★ NZD/USD approaching a major support!