NZDUSD approaching major area of resistance!

14 בדצמ׳ 2017

We can see NZDUSD approaching a major area of resistance from 0.7040 to 0.7080 (Multiple Fibonacci retracements, Fibonacci extension, horizontal overlap resistance). A possible reaction could occur from here with the next major level of support at 0.6823 (Fibonacci extension, horizontal swing low support). Our next level of major resistance is at 0.7214 (Fibonacci retracement, horizontal swing high resistance).

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