NZD/USD approaching strong support, prepare to buy
July 18, 2017 2:09 am
The price is approaching major support at 0.7244 (Fibonacci retracement, horizontal overlap support) and we expect a bounce above this level to at least 0.7299 resistance (Fibonacci retracement, horizontal pullback resistance).
Stochastic (21,5,3) is approaching strong support above 3% where we expect a bounce to occur.
Buy above 0.7244. Stop loss is at 0.7213. Take profit is at 0.7299.
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
The price is approaching major support at 0.7244 (Fibonacci retracement, horizontal overlap support) and we expect a bounce above this level to at least 0.7299 resistance (Fibonacci retracement, horizontal pullback resistance).
Stochastic (21,5,3) is approaching strong support above 3% where we expect a bounce to occur.
Buy above 0.7244. Stop loss is at 0.7213. Take profit is at 0.7299.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
Related Posts: