NZDUSD reversed off resistance, potential further drop!
NZDUSD reversed off its resistance at 0.7046 (100% Fibonacci extension, horizontal overlap resistance) where it could potentially fall to its next support at 0.6986 (38.2% Fibonacci retracement, horizontal overlap support).
Stochastic (55, 5, 3) has made a bearish exit from its ascending support line which contributes to our bearish bias.
Stochastic (55, 5, 3) has made a bearish exit from its ascending support line which contributes to our bearish bias.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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