NZDUSD reversed off at its resistance area at 0.68315 (100% & 61.8% Fibonacci extension, 76.4%F Fibonacci retracement, horizontal swing high resistance, descending channel resistance) where it could potentially fall to its support at 0.6774 (50% Fibonacci retracement, horizontal overlap support). Stochastic (55, 5, 3) has reversed off its resistance at 95% where a corresponding drop could occur.
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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