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NZDUSD Technicals

The bounce off lows around 0.7175 appears to be hitting the wall at the 38.2% retracement level. The NZD/USD broke above the resistance at 0.7445, only to fail back through.
More cautious traders may wait for any breach of the recent low at 0.7314 before selling. However, I’m happy to lean on the stop loss level afforded by yesterday’s high at 0.7485, selling at current market prices with half of my original lot size and second half at a break of 0.7410 which is an aggressive way of trading an i…
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EURusd analysis

the e\u rebounded after holding above level at 1.2425 (61.8% Fibonacci retracement of 1.2359-1.2532), retaining bullishness.
In view of this, i am holding on to my long position entered at 1.2440. Only below 1.2425 (61.8% Fibonacci retracement of 1.2359-1.2532) and 1.2415 ( Daily support 1) would signal the rebound has ended. which could then result to a severe break down to 1.22 even area. First target at 1.26 even and final target at 1.267.
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Maria_r avatar
Maria_r 30 Lis

well done))

jacoblnrgn avatar

Maria, thanks :-)

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