NZD/USD profit target almost reached, remain bearish
September 29, 2016 11:49 am
The price has dropped towards our profit target. We remain bearish below the major resistance at 0.7300 (horizontal resistance, Fibonacci retracement) for a drop to 0.7220.
Stochastics (21,3,3) is approaching an area of resistance from which we expect a reaction.
Sell below 0.7300. Place stop loss at 0.7360 and take profit at 0.7220.
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
The price has dropped towards our profit target. We remain bearish below the major resistance at 0.7300 (horizontal resistance, Fibonacci retracement) for a drop to 0.7220.
Stochastics (21,3,3) is approaching an area of resistance from which we expect a reaction.
Sell below 0.7300. Place stop loss at 0.7360 and take profit at 0.7220.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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