NZDCAD approaching resistance, potential drop!
NZDCAD is approaching our first resistance at 0.8768 (horizontal swing high resistance, 50% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur pushing price down to our major support at 0.8651 (horizontal pullback support, 61.8% Fibonacci extension, 50% Fibonacci retracement).
Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price.
Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price.
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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