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

NZD/USD is approaching its resistance at 0.6879 (100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing high resistance) where it is expected to reverse down to its support at 0.6801 (horizontal overlap support).

Stochastic (89, 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 0.6879. Stop loss 0.6923. Take profit at 0.6801.