NZDUSD is approaching its resistance at 0.7053 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal swing high resistance) where price could potentially drop to its support at 0.6968 (100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap support)
Stochastic (89, 5, 3) reacted of its resistance at 97% where a similar drop could occur.
Stochastic (89, 5, 3) reacted of its resistance at 97% where a similar drop could occur.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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