NZDUSD H4 | Approaching 61.8% Fibo resistance

2023年6月13日

NZDUSD could rise into a key resistance level and potentially reverse from here. We could see price move down to our take profit target.

Entry: 0.61872
Why we like it:
There is an overlap resistance that aligns with the 61.8% Fibonacci retracement level

Stop Loss: 0.62368
Why we like it:
There is an overlap resistance that aligns with the 78.6% Fibonacci retracement level

Take Profit: 0.61118
Why we like it:
There is an overlap support

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