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Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

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NZD/USD at support, potential bounce!

analytics5d1adec1e4acc.jpg

Price is at support where a potential bounce to its resistance could occur.

Entry : 0.6672

Why it's good : 23.6% Fibonacci retracement, 100% Fibonacci extension, horizontal overlap support

Stop Loss : 0.6606

Why it's good : 61.8% Fibonacci extension

Take Profit : 0.6721

Why it's good : 50% Fibonacci retracement, horizontal overlap resistance

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The material has been provided by InstaForex Company - www.instaforex.com