Following the RBNZ raising interest rates to 1.00%, the Kiwi broke to the bull. Now, a key daily Fibonacci retracement level is coming into view:
Daily 78% Fibonacci Retracement, 0.6813
Here's the trade:
1) Sell 0.6812
2) Stop loss @ 0.6837
3) Profit target @ 0.6787
4) 1:1 risk vs reward ratio
Daily 78% Fibonacci Retracement, 0.6813
Here's the trade:
1) Sell 0.6812
2) Stop loss @ 0.6837
3) Profit target @ 0.6787
4) 1:1 risk vs reward ratio