NZDUSD reversed nicely off descending channel resistance!
NZDUSD tested its descending channel resistance at 0.7040 (78.6% Fibonacci retracement, 61.8% Fibonacci extension, horizontal swing high resistance) and reversed nicely where it has the potential to fall further to its support at 0.6987 (61.8% Fibonacci extension, horizontal swing low support).
Stochastic (21, 5, 3) reversed nicely off its resistance where a corresponding drop could occur.
Stochastic (21, 5, 3) reversed nicely off its resistance where a corresponding drop could occur.
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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.