NZD/USD Approaching Resistance, Prepare For Reversal
September 24, 2018 10:25 am
NZD/USD is approaching its resistance at 0.6717 (100% Fibonacci extension, 38.2%, 61.8%, 23.6% Fibonacci retracement, horizontal overlap resistance) where a reversal to its support at 0.6635 (38.2% Fibonacci retracement, horizontal overlap support) is expected.
NZD/USD is testing its resistance where we expect to see a reversal.
Sell below 0.6717. Stop loss at 0.6765. Take profit at 0.6635.
The material has been provided by InstaForex Company – www.instaforex.com
NZD/USD is approaching its resistance at 0.6717 (100% Fibonacci extension, 38.2%, 61.8%, 23.6% Fibonacci retracement, horizontal overlap resistance) where a reversal to its support at 0.6635 (38.2% Fibonacci retracement, horizontal overlap support) is expected.
NZD/USD is testing its resistance where we expect to see a reversal.
Sell below 0.6717. Stop loss at 0.6765. Take profit at 0.6635.
The material has been provided by InstaForex Company – www.instaforex.com
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