nzdusd long based on fib retracement levels

28 Eki 2020

we can see that the fib level of 0.5 has been tested and rejected and we could be looking at a possible bullish move using the 0.5 level as resistance, would put tp at 0.67237 and stop loss at the next fib level (0.66170)

29 Eki 2020

Not

instead of bouncing back into a bullish trend the price has hit the 0.5 fib level and used it as support and the 0.618 fib level is being used as resistance