NZDUSD approaching resistance, potential drop!
NZDUSD is approaching our resistance at 0.6754 (horizontal swing high resistance, 23.6% Fibonacci retracement, short term descending line) where a strong drop might occur below this level pushing price down to our major support at 0.6723 (61horizontal swing low support).
Stochastic is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic is also approaching resistance where we might see a corresponding drop in price.
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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