NZD/USD broke below ascending trendline support! Further drop impending!

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Trading Recommendation

Entry: 0.64882

Reason for Entry: 50% Fibonacci retracement, moving average resistance

Take Profit: 0.64368

Reason for Take Profit: 61.8% Fibonacci retracement, 161.8% Fibonacci extension

Stop Loss: 0.65144

Reason for Stop Loss: 76.4% Fibonacci retracement, ascending trendline resistance

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

Source:: NZDUSD broke below ascending trendline support! Further drop impending!

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