NZD/USD testing support, potential bounce!

analytics5d3e789d9c937.jpg

NZDUSD testing support, potential bounce!

Description :

Price is testing its support at 0.6616 where it could bounce back to its resistance.

Entry: 0.6616

Why it's good : horizontal overlap support, 76.4% Fibonacci retracement, 100% Fibonacci extension

Stop Loss : -

Why it's good : -

Take Profit : 0.6656

Why it's good: 100% Fibonacci extension, horizontal overlap resistance

analytics5d3e787e69393.png

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