NZDUSD facing bearish pressure, potential reversal | 6 July 2020 Short

New Zealand Dollar/U.S. DollarFXCM

Description

⋅ Jul 6, 2020 8:34 AM

Price is reaching our first resistance in line with our 127.2% fibonacci extension and 127.2% fibonacci retracement where we could see a reversal below this level. Stochastic is reaching our resistance as well.

Comments

nrmt2010

⋅ Jul 6, 2020 11:25 AM

Thanks for snap and analysis. CU Soon.

FXCM

⋅ Jul 7, 2020 9:14 AM

@nrmt2010, you're welcome!

Marcel69

⋅ Jul 6, 2020 9:57 AM

Thanks for the analyse!!

FXCM

⋅ Jul 7, 2020 9:14 AM

@Marcel69, you're welcome hope you caught the drop :)