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NZDUSD approaching resistance, potential drop!

Short
New Zealand Dollar / U.S. Dollar (FX:NZDUSD)  
Tickmill Broker  
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Trend Analysis Harmonic Patterns Chart Patterns NZDUSD NZD USD nzdusdlong nzdusdshort Forex forextrading forexsignal
30
0
trendanalysis harmonicpatterns chartpattern nzdusd nzd usd nzdusdlong nzdusdshort forex forextrading forexsignal
NZDUSD is approaching our first resistance at 0.6823 (Horizontal swing high resistance, 50% fiboancci retracement, 100% fiboancci extension) and a strong drop might occur pushing price down to our major support at 0.6743 (100% fibonacci extension, 78.6% fiboancci retracement).
RSI (89) is also seeing a bearish exit and we might see a corresponding drop in price.
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This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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