FX.co - NZD/USD testing support, potential break out!

2019-07-26T04:23:28

Relevance until2019-07-27

Price is testing its support at 0.6652 where if broken, will confirm a further move down to its next support.

Entry: 0.6652

Why it's good : horizontal overlap support, 61.8% Fibonacci retracement, 100% Fibonacci extension

Stop Loss : 0.6694

Why it's good : 61.8% Fibonacci retracement

Take Profit : 0.6636

Why it's good: 78.6% Fibonacci retracement, 100% Fibonacci extension

NZD/USD testing support, potential break out!

*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 testing support, potential break out!