NZDUSD reacted below descending trendline resistance and further push down expected!

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Trading Recommendation

Entry: 0.64186

Reason for Entry: Graphical overlap

Take Profit: 0.63813

Reason for Take Profit: 161.8% Fibonacci extension, graphical swing low

Stop Loss: 0.64389

Reason for Stop Loss: 50% Fibonacci retracement, descending trendline resistance

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