Tickmill
Singkat

NZDUSD reversing nicely below major resistance!

FX:NZDUSD   Dolar New Zealand/Dolar U.S
Price is now reversing nicely below our major area of resistance from 0.7042 to 0.7084 (38.2% Fibonacci retracement , 100% Fibonacci extension , horizontal overlap resistance). Our next major level of support is at 0.6823 ( Fibonacci extension , horizontal swing low support) and our next major level of resistance is at 0.7214 ( Fibonacci retracement , horizontal swing high resistance).

Stochastic (55,5,3) is seeing major resistance at 94% where a strong reaction could occur.

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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This analysis is provided as general market commentary and does not constitute investment advice.
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