NZD/USD broke past major support, potential to drop further

Posted On 07 Aug 2019

By : InstaForex

Comment: 0

Tag: NZD/USD

Price is expected to drop further to its next support at 0.6340.

Entry: 0.6436

Why it’s good : Major support turned resistanceStop Loss : 0.6505

Why it’s good : horizontal pullback resistance

Take Profit : 0.6340

Why it’s good: 100% Fibonacci extension

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

Source:: NZD/USD broke past major support, potential to drop further

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