Nice idea on NZDUSD and there may be bearish bias as you have identified. For our set up, we have identified the key resistance and support levels. The resistance that we have identified is at 0.6824. It is a horizontal swing high resistance with 61.8% Fibonacci extension and 38.2% Fibonacci retracement. Stochastic is approaching its resistance at 96% where a corresponding reversal could occur. If a reversal does occur, we may want to look at the 0.6769 support level. It is a horizontal overlap support with 50% Fibonacci retracement. Looking forward to seeing how things develop.
Please have a look at our idea and share with us what you think.
Please have a look at our idea and share with us what you think.