08.08.201908:10 Forex Analysis & Reviews: NZD/USD approaching resistance, potential reversal

Exchange Rates 08.08.2019 analysis

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

Exchange Rates 08.08.2019 analysis

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

Dean Leo,
Analytical expert
InstaForex Group © 2007-2021
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