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24.06.202005:31 Forex Analysis & Reviews: NZDUSD broke below ascending trendline support! Further drop impending!

Long-term review

Exchange Rates 24.06.2020 analysis

Trading Recommendation

Entry: 0.64882

Reason for Entry: 50% Fibonacci retracement, moving average resistance

Take Profit: 0.64368

Reason for Take Profit: 61.8% Fibonacci retracement, 161.8% Fibonacci extension

Stop Loss: 0.65144

Reason for Stop Loss: 76.4% Fibonacci retracement, ascending trendline resistance

*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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