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Tickmill
Nov 26, 2018 3:37 AM

NZDUSD approaching resistance, potential drop!  Short

New Zealand Dollar/U.S. DollarFXCM

Description

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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