NZDUSD reversed off resistance, potential further drop!
NZDUSD reversed off its resistance at 0.7046 (100% Fibonacci extension, horizontal overlap resistance) where it could potentially fall to its next support at 0.6986 (38.2% Fibonacci retracement, horizontal overlap support).
Stochastic (55, 5, 3) has made a bearish exit from its ascending support line which contributes to our bearish bias.
Stochastic (55, 5, 3) has made a bearish exit from its ascending support line which contributes to our bearish bias.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.