NZD/USD:
Date: June 13, 2016
H4 Graph: Long Trend
The price broke very important and strong resistance level at 0.70550 after it was making new highs, then price is back again now at this important level for a retest and FIB 23.6%. The price holds above this levels.
Alternative Scenario: If the price breaks below the FIB 23.6% and the last low at 0.70370 will cancel the bearish view.
Technical Indicators:
RSI (14) - above 50
DEM (14) - Turned up for long
Price for Entry long around: 0,70500
SL: 0.70100
Jr. Trader - S. Fuchedzhiev
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