NZDUSD approaching resistance, potential drop!

2018년 8월 1일

NZDUSD is approaching our first resistance at 0.6856 (horizontal overlap resistance, 23.6% Fibonacci retracement, 61.8%, 100% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 0.6767 (horizontal swing low support, 61.8% Fibonacci extension, 61.8% Fibonacci retracement).
Stochastic (89,5,3) is also approaching our resistance where a reaction below this level might see a corresponding drop in price.
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