NZDUSD approaching resistance, potential drop! NZDUSD is approaching our first resistance at 0.67799 (horizontal pullback resistance, 76.4% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 0.6741 (61.8% Fibonacci retracement, horizontal swing low support).
Stochastic (21,5,3) is also approaching resistance and seeing a bearish divergence where we might see a corresponding drop in price.
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