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FX.co ★ NZD/USD approaching a major support!

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Forex Analysis:::2019-05-24T02:43:45

NZD/USD approaching a major support!

NZD/USD approaching a major support!

Price is in a downtrend where it is expected that it will continue falling to approach its major support at 0.6467.

Entry : 0.6585

Why it's good : horizontal swing high resistance, 38.2% Fibonacci retracement

Stop Loss : 0.6689

Why it's good : 61.8% Fibonacci extension, 61.8% Fibonacci retracement

Take Profit : 0.6467

Why it's good : 61.8% Fibonacci extension

NZD/USD approaching a major support!

Analyst InstaForex
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