NZDUSD approaching resistance, potential reversal!
NZDUSD is approaching its resistance at 0.7378 (100% Fibonacci extension, 76.4% Fibonacci retracement, multiple swing high resistance) where it could potentially react off, causing price to fall to its 1st support at 0.7322 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, 23.6% Fibonacci retracement, horizontal overlap support). If it breaks past this level, it could fall to its next support at 0.7240 (61.8% Fibonacci retracement, 76.4% Fibonacci retracement, horizontal overlap support). We have also identified another resistance at 0.7430 (horizontal swing high resistance).
Stochastic (89, 5, 3) is approaching its resistance at 97.7% where a corresponding reaction could occur. We have also identified a bearish divergence with price which contributes to our bearish bias.
Stochastic (89, 5, 3) is approaching its resistance at 97.7% where a corresponding reaction could occur. We have also identified a bearish divergence with price which contributes to our bearish bias.
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.