FX.co ★ NZDUSD holding below descending trendline resistance!

Price holding below descending trendline resistance. A drop below 38.2% Fibonacci retracement and 1st resistance at 0.65544 towards 1st support at 0.65265 is possible..

Trading Recommendation

Entry: 0.65544

Reason for Entry:

Decending trendline resistance, 38.2% Fibonacci retracement

Take Profit: 0.65265

Reason for Take Profit:

Recent swing low

Stop Loss: 0.65764

Reason for Stop Loss:

61.8% Fibonacci retracement