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FX.co ★ NZD/USD is approaching a nice pullback resistance, potential reversal to occur!

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Forex Analysis:::2019-04-30T02:20:21

NZD/USD is approaching a nice pullback resistance, potential reversal to occur!

Price is approaching a key resistance at 0.6719 where it could potentially reverse to its support.

Entry : 0.6719

Why it's good : horizontal pullback support, 38.2% fibonacci retracement, 61.8% fibonacci extension

Stop Loss : 0.67772

Why it's good : 50% Fibonacci retracement

Take Profit : 0.6639

Why it's good : 61.8% fibonacci retracement

NZD/USD is approaching a nice pullback resistance, potential reversal to occur!

Analyst InstaForex
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