NZDUSD reversed nicely off its resistance!
NZDUSD reversed nicely off its resistance at 0.7052 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where it could potentially fall to its support at 0.6988 (horizontal swing low support). We do have to be cautious of the intermediate support at 0.7010 (61.8% Fibonacci retracement, horizontal swing low support).
Stochastic (55, 5, 3) reversed nicely off its resistance at 96% where a corresponding move down could occur.
Stochastic (55, 5, 3) reversed nicely off its resistance at 96% where a corresponding move down could occur.
Trade closed: target reached
nice! it dropped down to our first profit target!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.