NZD/USD 4H/DAILY ANALYSIS
NZDUSD PRICE REACHED MAJOR RESISTANCE ON DAILY TIME FRAME TRIGGERING SELL OPPORTUNITY.
USING FIBONACCI RETRACEMENT, I EXPECTED PRICE TO RETRACE TO 0.618 LEVEL WHICH WAS OUR PREVIOUS RESISTANCE/TRENDLINE.
PRICE HAS CONTINUED PASSED THAT LEVEL, SETTING MY NEW TARGET FOR APROX. 0.716 WHICH IS PREVIOUS LEVEL OF SUPPORT/TRENDLINE.
USING FIBONACCI RETRACEMENT, I EXPECTED PRICE TO RETRACE TO 0.618 LEVEL WHICH WAS OUR PREVIOUS RESISTANCE/TRENDLINE.
PRICE HAS CONTINUED PASSED THAT LEVEL, SETTING MY NEW TARGET FOR APROX. 0.716 WHICH IS PREVIOUS LEVEL OF SUPPORT/TRENDLINE.
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