NZDUSD: bounce price effect?
A price action above 0.6090 supports a bullish trend direction.
Further bullish confirmation for a break above 0.6110.
The target price is set at 0.6135 (its 38.2% Fibonacci retracement level).
The stop-loss price is set at 0.6070 (its 50% retracement level).
The 200-day moving average is serving as a significant support level. Notice how the price action rebounded from this key psychological marker.
Further bullish confirmation for a break above 0.6110.
The target price is set at 0.6135 (its 38.2% Fibonacci retracement level).
The stop-loss price is set at 0.6070 (its 50% retracement level).
The 200-day moving average is serving as a significant support level. Notice how the price action rebounded from this key psychological marker.