FX.co ★ NZD/USD rejected below long term descending trendline resistance. Further drop in progress!

Trading Recommendation

Entry: 0.66566

Reason for Entry: 61.8% Fibonacci Extension

Take Profit: 0.61115

Reason for Take Profit: -27% Fibonacci Retracement

Stop Loss: 0.63727

Reason for Stop loss: 61.8% Fibonacci Retracement, Descending trendline resistance.