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25.03.202006:15 Forex Analysis & Reviews: NZD/USD now testing long term descending trendline resistance

Long-term review

Exchange Rates 25.03.2020 analysis

Trading Recommendation

Entry: 0.58483

Reason for Entry: 61.8% Fibonacci extension, long term descending trendline resistance, long term moving average resistance

Take Profit : 0.55750

Reason for Take Profit: 78.6% Fibonacci retracement, 100% Fibonacci extension

Stop Loss: 0.61187

Reason for Stop loss: Graphical swing high

*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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