NZDUSD Approaching Resistance, Potential Reversal
NZDUSD is approaching its resistance at 0.6633 (100% Fibonacci extension, 76.4% & 50% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse down to its support at 0.6559 (38.2% Fibonacci retracement, horizontal swing low support). Stochastic (55, 5, 3) is approaching its resistance at 97% where a corresponding reversal could occur.
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