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FX.co ★ NZD/USD approaching key support, prepare to buy

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Forex Analysis:::2016-11-14T11:14:04

NZD/USD approaching key support, prepare to buy

Price is approaching major support at 0.7076 (Fibonacci projection, horizontal support) where we expect a bounce up to at least 0.7174.

RSI (34) is also right on a major support level where its previous bounce occurred.

Buy above 0.7076. Stop loss at 0.7018. Take profit at 0.7174.

NZD/USD approaching key support, prepare to buy

Analyst InstaForex
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