InstaForex - Analytics

    InstaForex

    694.50 6.50/10
    61% of positive reviews
    Real

    NZD/USD Trading Recommendations for 21st June, 2016

    analytics5768bbfa344cd.png

    Show full picture

    We can see the price being close to long-term channel resistance (0.7215) which is also a strong fractal resistance level. Along with this, stochastics (21) is also close to the strong 92% resistance level which we expect price to react off. 0.6850 is a fibonacci (62%) retracement level too so it is our first target.

    Trading recommendations:

    Sell now and another time when we are close to 0.7215

    Stop loss if price breaks 0.7215

    Take profit : 0.6850


    To leave a comment you must or Join us


    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree