FX.co ★ NZDUSD short term pullback below resistance !

NZDUSD testing and holding below 1st resistance at 0.66572. With stochastics testing resistance, a short term drop towards ascending trendline support and 1st resistance at 0.66303 can be expected.

Trading Recommendation

Entry: 0.66572

Reason for Entry:

Graphical swing high

Take Profit : 0.66303

Reason for Take Profit:

61.8% fib retracement, Recent swing low, ascending trendline support

Stop Loss: 0.66813

Reason for Stop loss:

-27.2% Fib retracement