NZDUSD approaching resistance, potential drop!

29 באפר׳ 2019

Price is facing bearish pressure from our first resistance at 0.6717 (38.2% Fibonacci retracement, Horizontal pullback resistance, 61.8% Fibonacci extension) where we can expect a further drop to our major support level at 0.6585 (Horizontal swing low support).
Stochastic is also approaching resistance.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.