FX.co ★ NZD/USD Trading Recommendations 27th July 2016

Turn bullish on NZD/USD above fractal support at 0.7015 for a rise to 0.7140 which is the 50% retracement of our entire move and also a fibonacci projection level. Our stop loss remains at 0.6920.

We can see that the RSI is on support, and this helps our bullish view for a bounce above 0.7015.

Trading Recommendations:

Buy now and above 0.7015

Stop loss at 0.6920

Take profit at 0.7140