The NZD/USD
has been losing a lot of ground lately and it is getting closer and closer to
touching the 76.4% Fibonacci Retracement level as shown on the daily chart
below. On the same chart se can see that just below that Fibo level, we also
have the round number 0.8500, which could also serve as a potential support
level for the pair. Therefore, we must be attentive in case the price keeps
dropping lower, because we may see a bounce to the upside from that zone.
Very interesting. Will it stop?
ReplyDeleteI want to be careful!
Thank you and I will keep an eye on it this week.
ReplyDeleteNzd/usd is one of my best pair to trade i will keep eyes on it thanks
ReplyDeletegreat point of view ill keep an eye on the price
ReplyDeleteWell spotted! Thanks.
ReplyDeleteGot to keep eye on it, thanks.
ReplyDeleteVery nice post, thank you.
ReplyDeleteLet's see if the 76.4% Fibonacci Retracement can hold.
ReplyDelete