GBPNZD is approaching its resistance at 1.6608 (61.8%Fibonacci extension, horizontal pullback resistance, 61.8% Fibonacci retracement ) where it is expected to reverse down to its support at 1.6552 ( 23.6% Fibonacci retracement). Stochastic (55, 5, 3) is approaching its resistance where a corresponding reversal is expected. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
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