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FX.co ★ NZD/USD perfect reversal. Expecting a bounce before a further drop.

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Forex Analysis:::2016-08-24T08:38:11

NZD/USD perfect reversal. Expecting a bounce before a further drop.

NZD/USD reversed perfectly below our resistance of 0.7325 and 0.7350 yesterday. We can take our profits now. We are waiting for a bounce to around the 0.7320 level to go short again for another drop to the channel support at 0.7230.

NZD/USD perfect reversal. Expecting a bounce before a further drop.

Sell below 0.7320. Stop loss is at 0.7350. Take profit is at 0.7230.

Analyst InstaForex
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