NZDUSD approaching resistance, potential drop!
NZDUSD is approaching our first resistance at 0.6936 (horizontal swing high resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) where it could potentially drop to our first support at 0.6852 (horizontal swing low support).
Stochastic is also approaching our resistance where we might see a corresponding drop in price should it react off that level.
Stochastic is also approaching our resistance where we might see a corresponding drop in price should it react off that level.
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.