NZDUSD is approaching our first resistance at 0.6725 (horizontal pullback resistance, 23.6% Fibonacci retracement ) where a strong drop might occur below this level pushing price down to our major support at 0.6554 (100% Fibonacci extension , 76.4% Fibonacci retracement ).
Ichimoku cloud is also showing signs of bearish pressure.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
NZDUSD is approaching our first resistance at 0.6742 (horizontal overlap resistance, 61.8% Fibonacci retracement ) where a strong drop might occur below this level to our first support level at 0.6678 (horizontal swing low support, 61.8% Fibonacci extension ).
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.
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.
NZD/USD is approaching our first resistance at 0.6895 (horizontal swing high resistance, 78.6% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing the price down to our major support at 0.6842 (horizontal swing low support, 61.8% Fibonacci retracement). Stochastic (34,5,3) is also nearing our first 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.
The NZD/USD pair is approaching our first resistance at 0.6890 (horizontal swing high resistance, 100% Fibonacci extension, 76.4% Fibonacci retracement) where a strong drop might occur below this level to our major support at 0.6836 (38.2% Fibonacci retracement).
Stochastic is also nearing resistance where we might see a corresponding drop in price.
