NZDUSD Testing Resistance, Potential Reversal
NZDUSD is testing its resistance at 0.6545 (61.8% Fibonacci extension, 38.2%, 23.6% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse down to its support at 0.6492 (50% Fibonacci retracement, horizontal pullback support). Stochastic (55, 5, 3) is approaching its resistance at 97% where a corresponding reversal could occur.
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