FX.co - NZDUSD is approaching major resistance, potential for drop!

2020-10-01T14:07:16

Relevance until2020-10-02

Trading Recommendation

Entry: 0.66504

Reason for Entry:

161.8%, 76.4% fibonacci extension, 50% fibonacci retracement, and horizontal graphical resistance

Take Profit: 0.65849

Reason for Take Profit:

61.8%, 50% fibonacci retracement and 100%, 23.8% Fibonacci extension.

Stop Loss: 0.66907

Reason for Stop Loss:

61.8% fibonacci retracement, 88.6%, 200% fibonacci Extension, and horizontal graphical 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 is approaching major resistance, potential for drop!