Tickmill

NZDUSD reversing nicely below major resistance!

Penjualan
FX:NZDUSD   Dollar New Zealand / Dollar AS
Price is now reversing nicely below our major area of resistance from 0.7042 to 0.7084 (38.2% Fibonacci retracement, 100% Fibonacci extension, horizontal overlap resistance). Our next major level of support is at 0.6823 (Fibonacci extension, horizontal swing low support) and our next major level of resistance is at 0.7214 (Fibonacci retracement, horizontal swing high resistance).

Stochastic (55,5,3) is seeing major resistance at 94% where a strong reaction could occur.

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This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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