NZDUSD approaching resistance, potential drop!

2018년 7월 6일

NZDUSD is approaching our first resistance at 0.6832 (horizontal pullback resistance, 38.2%, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) and a strong reaction might occur below this level pushing price down to our major support at 0.6688 (horizontal swing low support, 61.8% Fibonacci extension).
Stochastic (55,5,3) is also approaching resistance and we might see a corresponding drop in price.
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