NZD/USD is falling towards the support level which is a pullback support that lines up with the 50% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 0.5728 Why we like it: There is a pullback support level that lines up with the 50% Fibonacci retracement.
Stop loss: 0.5708 Why we like it: There is a pullback support level.
Take profit: 0.5762 Why we like it: There is a pullback resistance.
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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.