FlowState

Short NZDUSD approaching resistance, potential drop!

Short
FX:NZDUSD   Dollaro neozelandese / Dollaro
NZDUSD is approaching our first resistance at 0.67799 (horizontal pullback resistance, 76.4% Fibonacci retracement , 61.8% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 0.6741 (61.8% Fibonacci retracement , horizontal swing low support).
Stochastic (21,5,3) is also approaching resistance and seeing a bearish divergence where we might see a corresponding drop in price.
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Losses can exceed the initial investment so please ensure you fully understand the risks.

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