NZDUSD is approaching our first resistance at 0.6722 (horizontal overlap resistance, 100% Fibonacci extension, 61.8%, 38.2%, 23.6% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 0.6619 (horizontal overlap support, 50% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.