MEX_Exchange

NZDUSD approaching major support, prepare to buy

Panjang
FX:NZDUSD   Dolar New Zealand / Dolar A.S.
Buy above 0.7312. Stop loss at 0.7256. Take profit at 0.7436.
Reason for the trading strategy (technically):
Price is approaching major support at 0.7312 (Fibonacci retracement, horizontal overlap support, long term ascending support) and a bounce could occur at this level to push price up to at least 0.7436 resistance (major swing high resistance, Fibonacci extension).
RSI (34) sees a long term ascending support line since November 2017 hold up our bullish momentum really well.
Penafian

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