InstaForex - Analytics


    700.25 6.25/10
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    NZD/USD Trading Recommendations for 20th June 2016


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    We can see fractal resistance at 0.7100 (graphical resistance, fibonacci retracement, 1.0 fibonacci extension) that has the RSI right below a descending resistance line. This gives us a good conviction of a drop from here to at least 0.7015.

    Trading recommendations:

    Sell now below 0.7100

    Stop loss at 0.7150

    Take profit at 0.7015

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