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Apr 1, 2019 1:42 AM

Kiwi index Approaching Resistance, Prepare For A Reversal Short

NZDAUD/0.97+NZDJPY/76.5+NZDUSD/0.69+NZDEUR/0.61+NZDGBP/0.52+NZDCHF/0.69+NZDCAD/0.92ICE

Description

Kiwi index is approaching its resistance at 6.9707 (61.8% Fibonacci retracement , horizontal swing high resistance, 100% Fibonacci extension ) where it could reverse down to its support at 6.9256 (50% Fibonacci retracement)

Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding reversal is expected.
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