FX.co - NZD/USD broke past major support, potential to drop further

2019-08-07T07:08:23

Relevance until2019-08-08

Price is expected to drop further to its next support at 0.6340.

Entry: 0.6436

Why it's good : Major support turned resistanceStop Loss : 0.6505

Why it's good : horizontal pullback resistance

Take Profit : 0.6340

Why it's good: 100% Fibonacci extension

NZD/USD broke past major support, potential to drop further

*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 broke past major support, potential to drop further