NZD/USD approaching major support where we expect to see a bounce!

Entry : 0.6584

Why it's good : horizontal swing low support, long term 76.4% fibonacci retracement, long & short term 100% fibonacci extension

Stop Loss : 0.6506

Why it's good : horizontal swing high resistance

Take Profit : 0.6671

Why it's good : horizontal pullback resistance, 23.6% fibonacci retracement

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The material has been provided by InstaForex Company - www.instaforex.com

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