Potential bullish rise?

4 de out.

NZD/USD is reacting off the support level which is a pullback support that aligns with the 61.8% Fibonacci retracement and the 138.2% Fibonacci extension and could rise from this level to our take profit.

Entry: 0.6209
Why we like it:
There is a pullback support level that lines up with the 61.8% Fibonacci retracement and the 138.2% Fibonacci extension.

Stop loss: 0.6154
Why we like it:
There is an overlap support level that is slightly below the 78.6% Fibonacci retracement.

Take profit: 0.6259
Why we like it:
There is a pullback resistance level.

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