NZDUSD holding below descending trendline! Further drop expected.

Trading Recommendation Entry: 0.60011 Reason for Entry: descending trendline resistance, 23.6% Fibonacci retracement. Take Profit : 0.59379 Reason for Take Profit: 161.8% Fibonacci extension Stop Loss: 0.60473 Reason for Stop loss: Recent swing high, 50% Fibonacci retracement The material has been provided by InstaForex Company – www.instaforex.com