NZDUSD is approaching our first support at 0.6744 (long term ascending support line, horizontal swing low support, 50% Fibonacci retracement, 100% Fibonacci extension) where a strong bounce might occur above this level to our major resistance at 0.6866 (horizontal overlap resistance, 61.8% Fibonacci retracement).
Stochastic is also approaching support.
Trading...
NZDUSD is approaching our first resistance at 0.6935 (horizontal swing high resistance, 100% extension) where a strong drop might occur below this level pushing price down to our major support at 0.6872 (horizontal pullback support, 100% extension, 50% fibonaccci retracement).
Stochastic is also approaching resistance where we might see a corresponding drop in...
