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FX.co ★ NZD/USD Approaching Resistance, Prepare For A Reversal

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Forex Analysis:::2019-01-07T02:35:04

NZD/USD Approaching Resistance, Prepare For A Reversal

NZD/USD is approaching its resistance at 0.6780 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap resistance) where it is expected to reverse down to its support at 0.6707 (38.2% Fibonacci retracement, horizontal pullback support).

Stochastic (89, 5, 3) is approaching its resistance at 98% where a corresponding reversal is expected.

NZD/USD is approaching its resistance where we expect to see a reversal.

Sell below 0.6780. Stop loss 0.6827. Take profit at 0.6707.

NZD/USD Approaching Resistance, Prepare For A Reversal

Analyst InstaForex
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