NZDUSD approaching resistance, potential drop!
NZDUSD is approaching our first resistance at 0.6974 (horizontal swing high resistance, 23.6%, 50% Fibonacci retracement, 100% Fibonacci extension) where price might potentially drop to our first support at 0.6885 (horizontal swing low support, 76.4% Fibonacci retracement, 100% Fibonacci extension).
Stochastic is also approaching resistance and we might see a corresponding drop in price should it react off this level.
Stochastic is also approaching resistance and we might see a corresponding drop in price should it react off this level.
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