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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
Harmonic Patterns Chart Patterns Trend Analysis NZDUSD NZD USD nzdusdshort Forex forextrading forexsignals
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harmonicpatterns chartpattern trendanalysis nzdusd nzd usd nzdusdshort forex forextrading forexsignals
NZDUSD is approaching our first resistance at 0.6722 (horizontal overlap resistance, 100% Fibonacci extension, 61.8%, 38.2%, 23.6% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 0.6619 (horizontal overlap support, 50% Fibonacci retracement).
Stochastic (89,5,3) is also approaching resistance 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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