NZDUSD approaching resistance, potential drop!
NZDUSD is approaching its resistance at 0.6960 (horizontal overlap resistance, 61.8% Fibonacci extension, 23.6% Fibonacci retracement) where it could potentially react off, causing price to drop to its support at 0.6886 (78.6% Fibonacci retracement, horizontal swing low support)
RSI (34) is seeing a bearish exit and approaching its resistance where we might see a corresponding drop in price should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
RSI (34) is seeing a bearish exit and approaching its resistance where we might see a corresponding drop in price should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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