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FX.co ★ NZD/USD reversed off resistance, potential drop!

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Forex Analysis:::2019-07-01T06:13:00

NZD/USD reversed off resistance, potential drop!

NZD/USD reversed off resistance, potential drop!

Price reversed off resistance at 0.6720 where it could potentially drop further to its support at 0.6680.

Entry : 0.6720

Why it's good : 50% Fibonacci retracement, 100% Fibonacci extension, horizontal overlap resistance

Stop Loss : 0.6774

Why it's good : 61.8% Fibonacci retracement

Take Profit : 0.6680

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

NZD/USD reversed off resistance, potential drop!

Analyst InstaForex
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