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FX.co ★ NZD/USD testing an intermediate support, could we see a bounce?

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Forex Analysis:::2019-05-16T08:45:08

NZD/USD testing an intermediate support, could we see a bounce?

NZD/USD testing an intermediate support, could we see a bounce?

NZD/USD testing an intermediate support, could we see a bounce?

Description :

Price is currently testing an intermediate support at 0.6558. If broken, it will confirm a further move down to its next support at 0.6520.

Entry : 0.6585

Why it's good : horizontal pullback resistance, 100% Fibonacci extension

Stop Loss : 0.6629

Why it's good : 61.8% Fibonacci retracement
Analyst InstaForex
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