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Dollar New Zealand / Yen Jepang
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NZDJPY Reversed Nicely Off Resistance, Potential Drop!

Oleh ICmarkets
Broker
NZDJPY reversed nicely off its resistance at 76.31 (100% Fibonacci extension, 61.8% & 38.2% Fibonacci retracement, horizontal overlap resistance) where price could potentially fall to its support at 74.56 (61.8% Fibonacci extension, horizontal swing low support). We do have to be cautious of the intermediate support at 75.40 (50% Fibonacci retracement, horizontal overlap support).
Stochastic (21, 5, 3) reversed nicely off its resistance at 96% where a corresponding drop is expected.
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ICmarkets
Broker
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
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