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FX.co ★ NZD/USD broke past support, potential further drop!

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Forex Analysis:::2019-07-31T04:49:57

NZD/USD broke past support, potential further drop!

NZD/USD broke past support, potential further drop!

Price broke past its major support turned resistance where we expect to see a further drop to its 1st support.

Entry: 0.6597

Why it's good : major support turned resistance

Stop Loss : 0.6640

Why it's good : 23.6% Fibonacci retracement

Take Profit : 0.6516

Why it's good: 76.4% Fibonacci retracement, horizontal swing low support

NZD/USD broke past support, potential further drop!

Analyst InstaForex
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