The Kiwi (NZD/USD) is falling towards a potential breakout level. Price could drop lower towards our take profit target. Wait for breakout confirmation prior to entering the position
Entry: 0.59030
Why we like it:
There is a potential breakout level
Stop Loss: 0.59581
Why we like it:
There is an overlap resistance that aligns with the 38.2% Fibonacci retracement level
Take Profit: 0.58474
Why we like it:
There is a pullback support that aligns with the 61.8% Fibonacci projection level.
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