NZDUSD approaching resistance, potential drop!
Price is approaching our first resistance at 0.6379 (horizontal swing high resistance, 61.8% Fibonacci extension, short term descending resistance line) might potentially drop to our major support at 0.6767 (horizontal swing low support, 50% Fibonacci retracement).
Stochastic (55,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
Stochastic (55,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
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