nzdusd long based on fib retracement levels
Updated
we can see that the fib level of 0.5 has been tested and rejected and we could be looking at a possible bullish move using the 0.5 level as resistance, would put tp at 0.67237 and stop loss at the next fib level (0.66170)
Note
instead of bouncing back into a bullish trend the price has hit the 0.5 fib level and used it as support and the 0.618 fib level is being used as resistance
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.