In the NZDUSD pair, it retraced to 0.618 Fibonacci level at the 4-hour and daily chart, I believe there is a strong resistance level. Because it is no hard to see the stochastic indicator showed the divergence to the long position of NZDUSD. Therefore, NZDUSD is expected to drop to the previous resistance.
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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.