FX.co - NZDUSD broke below ascending trendline support! Further drop impending!

2020-06-24T03:31:19

Long-term review

Trading Recommendation

Entry: 0.64882

Reason for Entry: 50% Fibonacci retracement, moving average resistance

Take Profit: 0.64368

Reason for Take Profit: 61.8% Fibonacci retracement, 161.8% Fibonacci extension

Stop Loss: 0.65144

Reason for Stop Loss: 76.4% Fibonacci retracement, ascending trendline resistance

*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 broke below ascending trendline support! Further drop impending!