EURNZD is approaching our first resistance at 1.6621 (horizontal swing high resistnace, 76.4% fibonacci retracement, 61.8% fibonaaci extension) and a strong drop might occur below this level pushing price down to our major support at 1.6468 (6138% fibonacci extension, 76.4% fibonacci retracement).
Stochastic (34,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
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