FX.co - NZD/USD reversed off resistance, potential drop!

2019-07-01T06:13:00

Relevance until2019-07-02

Price reversed off resistance at 0.6720 where it could potentially drop further to its support at 0.6680.

Entry : 0.6720

Why it's good : 50% Fibonacci retracement, 100% Fibonacci extension, horizontal overlap resistance

Stop Loss : 0.6774

Why it's good : 61.8% Fibonacci retracement

Take Profit : 0.6680

Why it's good : 100% Fibonacci extension, horizontal pullback support

NZD/USD reversed off resistance, potential drop!

*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 reversed off resistance, potential drop!