NZDUSD approaching resistance, potential drop!
NZDUSD is approaching our first resistance at 0.6982 (horizontal overlap resistance, 23.6% Fibonacci retracement) and price might potentially drop to our first support at 0.6784 (horizontal swing low support).
RSI is also facing bearish pressure and a reaction off this level 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.
RSI is also facing bearish pressure and a reaction off this level 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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