Tickmill
Short

NZDUSD approaching strong resistance where reversal could occur

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
NZDUSD             is fast approaching strong resistance at 0.7341 ( Fibonacci retracement , horizontal swing high resistance, Fibonacci extension ) and a strong reaction could occur at this level to push prices down to 0.7250 support ( Fibonacci retracement , horizontal swing low support).

Stochastic (55,5,3) is seeing major resistance at 93% where a corresponding reaction could occur.

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This analysis is provided as general market commentary and does not constitute investment advice.
i agree with this idea...the major resistance on 0.7341 is the ending area of wave 1 and take profit area for sell position is the ending area of wave 2
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