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

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Forex Analysis:::2019-08-07T07:08:23

NZD/USD broke past major support, potential to drop further

NZD/USD broke past major support, potential to drop further

Price is expected to drop further to its next support at 0.6340.

Entry: 0.6436

Why it's good : Major support turned resistanceStop Loss : 0.6505

Why it's good : horizontal pullback resistance

Take Profit : 0.6340

Why it's good: 100% Fibonacci extension

NZD/USD broke past major support, potential to drop further

Analyst InstaForex
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