Turn bullish on NZD/USD above fractal support at 0.7015 for a rise to 0.7140 which is the 50% retracement of our entire move and also a fibonacci projection level. Our stop loss remains at 0.6920.
We can see that the RSI is on support, and this helps our bullish view for a bounce above 0.7015.
Trading Recommendations:
Buy now and above 0.7015
Stop loss at 0.6920
Take profit at 0.7140
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
Turn bullish on NZD/USD above fractal support at 0.7015 for a rise to 0.7140 which is the 50% retracement of our entire move and also a fibonacci projection level. Our stop loss remains at 0.6920.
We can see that the RSI is on support, and this helps our bullish view for a bounce above 0.7015.
Trading Recommendations:
Buy now and above 0.7015
Stop loss at 0.6920
Take profit at 0.7140
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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