NZDUSD broke out of support, potential drop!

Singkat

Dolar New Zealand / Dolar A.S. (FX:NZDUSD)

FX:NZDUSD Dolar New Zealand / Dolar A.S.

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NZDUSD broke out of its short term ascending pullback resistance line and is currently testing our first resistance level at 0.7186 (horizontal overlap resistance). A strong reaction might occur at this level pushing price down to our intermediate support level at 0.7109 (50% Fibonacci retracement, 100% Fibonacci extension). Should price break out of this level, it might drop to our major support at 0.7028 (61.8% Fibonacci retracement, horizontal pullback support).

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