NZDUSD approaching resistance, potential drop!

8 בנוב׳ 2018

NZDUSD is approaching our first resistance at 0.6831 (horizontal overlap resistance, 61.8% Fibonacci extension, 38.2% Fibonacci retracement) and a strong drop might occur pushing price down to our major support at 0.6699 (horizontal overlap support, 61.8% Fibonacci extension, 61.8%, 38.2 Fibonacci retracement).
Stochastic (89,5,3) is approaching resistance and we might see a corresponding drop in price.
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