NZDUSD approaching resistance, potential drop!

NZDUSD is approaching our first resistance at 0.6788 (horizontal swing high resistance, 23.6%, 38.2% Fibonacci retracement, 100% Fibonacci extension, resistance of bearish channel) and a strong reaction might occur below this level pushing price down to our major support at 0.6688 (horizontal swing low support, 100% Fibonacci extension).
Stochastic (55,5,3) is approaching its resistance and a reaction off this level might see a corresponding drop in price.
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Losses can exceed the initial investment so please ensure you fully understand the risks.
Chart PatternsForexforexsignalsforextradingHarmonic PatternsNZDNZDUSDnzdusdlongnzdusdshortTrend AnalysisUSD

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