NZDUSD approaching resistance, potential drop!NZDUSD is approach
NZDUSD is approaching our first resistance at 0.6854 (horizontal pullback resistance, 50% Fibonacci retracement , 61.8% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 0.6806 (61.8% Fibonacci retracement).
Stochastic (55,5,3) is also approaching resistance where we might see a corresponding drop in price.
Stochastic (55,5,3) is also approaching resistance where we might see a corresponding drop in price.
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