FX.co - NZDUSD holding below descending trendline! Further drop expected.

2020-05-14T06:11:43

Long-term review

Trading Recommendation

Entry: 0.60011

Reason for Entry: descending trendline resistance, 23.6% Fibonacci retracement.

Take Profit : 0.59379

Reason for Take Profit: 161.8% Fibonacci extension

Stop Loss: 0.60473

Reason for Stop loss: Recent swing high, 50% Fibonacci retracement

*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 ★ NZDUSD holding below descending trendline! Further drop expected.