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

NZD/USD is approaching its resistance at 0.6824 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal swing high resistance) where it is expected to reverse down to its support at 0.6769 (50% Fibonacci retracement, horizontal overlap support).

Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding reversal is expected.

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

Sell below 0.6824. Stop loss 0.6861. Take profit at 0.6769.