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