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Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

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NZD/USD approaching support, potential bounce!

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Price is approaching its support where we expect to see a bounce up to its resistance.

Entry : 0.6558

Why it's good : 61.8% Fibonacci retracement, 61.8% Fibonacci extension, horizontal pullback support

Stop Loss : 0.6537

Why it's good : 76.4% Fibonacci retracement

Take Profit : 0.6587

Why it's good : Horizontal swing high resistance, 23.6% Fibonacci retracement

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The material has been provided by InstaForex Company - www.instaforex.com