FX.co - NZDCAD approaching support, potential bounce

2020-08-06T07:56:57

Relevance until2020-08-07

Trading Recommendation

Entry: 0.87590

Reason for Entry: Horizontal swing low support, 100% fibonacci extension, 38.2% and 78.6% fibonacci retracement

Take Profit: 0.88790

Reason for Take Profit: Horizontal pullback resistance, 50% fibonacci retracement

Stop Loss: 0.87178

Reason for Stop Loss: Horizontal swing low support

*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 ★ NZDCAD approaching support, potential bounce