Forexsignalls
NZDUSD approaching resitance, potential drop!NZDUSD is approaching our first resistance at 0.6935 (horizontal swing high resistance, 100% extension) where a strong drop might occur below this level pushing price down to our major support at 0.6872 (horizontal pullback support, 100% extension, 50% fibonaccci retracement).
Stochastic is also approaching resistance where we might see a corresponding drop in price.
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