Falling towards 50% Fibonacci support?

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.

Enjoying your TradingView experience? Review us!