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iannjugunamakumi

Buy Position

Long
New Zealand Dollar / U.S. Dollar (OANDA:NZDUSD)  
iannjugunamakumi  
OANDA:NZDUSD   New Zealand Dollar / U.S. Dollar
Trend Analysis
8
0
trendanalysis
With regards to the Fib retracement plotted on the chart we can see that the price reacted to the 78.60% level which was also the 0.66000 level which is a psychological level. Am expecting to see a bullish reaction to retest the trendline at the 0.67500 level which is a psychological level too. With the 2 hr time frame the formation of a double bottom was formed signifying a change in trend to continue with the overall bullish trend.
TP1-0.66750
TP2-0.67000
TP3-0.67250
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