NZDUSD approaching resistance, potential drop!
NZDUSD is approaching our first resistance at 0.6881 (76.4% Fibonacci retracement, 61.8% Fibonacci extension, horizontal swing high resistance) where we might see a drop in price to our first support at 0.6611 (61.8% Fibonacci retracement , 61.8% Fibonacci extension, horizontal overlap support ).
Stochastic (55,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
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