NZDUSD reversed off resistance, potential further drop!
NZDUSD reversed off its resistance at 0.7046 (100% Fibonacci extension, horizontal overlap resistance) where it could potentially fall to its next support at 0.6986 (38.2% Fibonacci retracement, horizontal overlap support).
Stochastic (55, 5, 3) has made a bearish exit from its ascending support line which contributes to our bearish bias.
Stochastic (55, 5, 3) has made a bearish exit from its ascending support line which contributes to our bearish bias.
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