NZDUSD is approaching its resistance at 0.7053 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal swing high resistance) where price could potentially drop to its support at 0.6968 (100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap support)
Stochastic (89, 5, 3) reacted of its resistance at 97% where a similar drop could occur.
Stochastic (89, 5, 3) reacted of its resistance at 97% where a similar drop could occur.
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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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.