FX.co - NZD/USD bounced nicely off its support, potential rise!

2019-07-03T05:09:57

Relevance until2019-07-04

Price bounced nicely off its support where we expect to see a further rise.

Entry : 0.6660

Why it's good : 23.6% Fibonacci retracement, 100% Fibonacci extension, horizontal overlap support

Stop Loss : 0.6606

Why it's good : 61.8% Fibonacci extension

Take Profit : 0.6721

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

NZD/USD bounced nicely off its support, potential rise!

*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 bounced nicely off its support, potential rise!