FX.co - NZD/USD right on big resistance, prepare for a drop!

2019-09-06T09:30:42

Relevance until2019-09-07

NZDUSD is approaching big resistance at 0.6397 where we expect a reversal.

Entry: 0.6397

Why it's good : horizontal overlap resistance

61.8% Fibonacci extension

23.6% Fibonacci retracement

Take Profit : 0.6318

Why it's good: 61.8% fibonacci retracement

NZD/USD right on big resistance, prepare for a 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 right on big resistance, prepare for a drop!