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FX.co ★ NZD/USD right on big resistance, prepare for a drop!

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Forex Analysis:::2019-09-06T09:30:42

NZD/USD right on big resistance, prepare for a drop!

NZD/USD right on big resistance, prepare for a drop!

NZDUSD is approaching big resistance at 0.6397 where we expect a reversal.

Entry: 0.6397

Why it's good : horizontal overlap resistance

61.8% Fibonacci extension

23.6% Fibonacci retracement

Take Profit : 0.6318

Why it's good: 61.8% fibonacci retracement

NZD/USD right on big resistance, prepare for a drop!

Analyst InstaForex
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