FX.co - NZD/USD approaching support, potential bounce!

2019-06-12T02:11:50

Relevance until2019-06-13

Price is approaching its support where we expect to see a bounce up to its resistance.

Entry : 0.6558

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

Stop Loss : 0.6537

Why it's good : 76.4% Fibonacci retracement

Take Profit : 0.6587

Why it's good : Horizontal swing high resistance, 23.6% Fibonacci retracement

NZD/USD approaching support, potential bounce!

*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 support, potential bounce!