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FX.co ★ NZD/USD to rise further to its major resistance!

NZD/USD to rise further to its major resistance!

NZD/USD to rise further to its major resistance!

Price broke out of its intermediate resistance that confirms a further move to its 1st resistance.

Entry: 0.6764

Why it's good : 23.6% Fibonacci retracement, 61.8% Fibonacci extension, horizontal pullback support

Stop Loss : 0.6733

Why it's good : 23.6% Fibonacci retracement, horizontal pullback support

Take Profit : 0.6807

Why it's good: 61.8% & 100% Fibonacci extension

NZD/USD to rise further to its major resistance!

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