NZDUSD approaching resistance, potential drop!

14 ก.ย. 2018

NZDUSD is approaching our first resistance at 0.6617 (horizontal overlap resistance, 50% Fibonacci retracement, 61.8%, 100% Fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 0.6544 (horizontal overlap support, 61.8% Fibonacci extension, 61.8% Fibonacci retracement).
Stochastic (89) is also approaching resistance a reaction off this level might see a corresponding drop in price.
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