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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 resistance, potential reversal

analytics5d4bbcabbd244.jpg

Price approaching its resistance where a reversal could occur.

Entry: 0.6481

Why it's good : 100% Fibonacci extension, 23.6 & 50% Fibonacci retracement, horizontal pullback resistance

Stop Loss : 0.6548

Why it's good : 78.6% Fibonacci retracement

Take Profit : 0.6398

Why it's good: Horizontal swing low support

analytics5d4bbc73e7e46.png

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