NZDCHF approaching resistance, potential drop!

NZDCHF is approaching our first resistance at 0.6735 (Horizontal pullback resistance , 100% fiboancci extension, 23.6% fiboancci retracement) and a strong drop might occur below this level pushing price down to our major support at 0.6618 (horizontal pullback support, 100% fiboancci extension, 50% fiboancci retracement).
RSI (89) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
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Chart PatternschfForexforexsignalforextradingHarmonic PatternsNZDNZDCHFnzdchflongnzdchfshortTrend Analysis

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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