FX.co - NZD/USD now testing long term descending trendline resistance

2020-03-25T04:15:51

Long-term review

Trading Recommendation

Entry: 0.58483

Reason for Entry: 61.8% Fibonacci extension, long term descending trendline resistance, long term moving average resistance

Take Profit : 0.55750

Reason for Take Profit: 78.6% Fibonacci retracement, 100% Fibonacci extension

Stop Loss: 0.61187

Reason for Stop loss: Graphical swing high

*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 now testing long term descending trendline resistance