FX.co ★ NZD/CAD Approaching Resistance, Prepare For A Reversal

NZD/CAD is approaching its resistance at 0.8778 (100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal swing high resistance) where it is expected to reverse down to its support at 0.8558 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap support).

Stochastic (55, 5, 3) is approaching its resistance at 98.3% where a corresponding reversal is expected.

NZD/CAD is approaching its resistance where we expect to see a reversal.

Sell below 0.8778. Stop loss 0.8933. Take profit at 0.8558.