NZDUSD hovering above major support, watch for a bearish break!

5 ก.พ. 2018

NZDUSD is hovering nicely above major support at 0.7276 (Fibonacci retracement, horizontal swing low support) and a break of this level could trigger a mega drop towards 0.7184 support (Fibonacci retracement, horizontal overlap support). It is important to wait for the candlestick to at least close below our 1st support level to potentially trigger the sell-off.

Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.