FX.co - NZD/USD approaching resistance, potential reversal

2020-06-02T05:31:43

Relevance until2020-06-03

Trading Recommendation

Entry: 0.63438

Reason for Entry: Horizontal swing high resistance, 127.2% fibonacci extension and 161.8% fibonacci retracement

Take Profit: 0.61644

Reason for Take Profit: Horizontal overlap support

Stop Loss: 0.64478

Reason for Take Profit: Horizontal swing high resistance

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Dean Leo

FX.co ★ NZD/USD approaching resistance, potential reversal