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

NZD/USD is approaching its resistance at 0.6780 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap resistance) where it is expected to reverse down to its support at 0.6707 (38.2% Fibonacci retracement, horizontal pullback support).

Stochastic (89, 5, 3) is approaching its resistance at 98% where a corresponding reversal is expected.

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

Sell below 0.6780. Stop loss 0.6827. Take profit at 0.6707.