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NZDUSD approaching resistance, potential drop!

NZDUSD is approaching our first resistance at 0.6725 (horizontal pullback resistance, 23.6% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 0.6554 (100% Fibonacci extension, 76.4% Fibonacci retracement).
Ichimoku cloud is also showing signs of bearish pressure.
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Tickmill

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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