FX.co ★ NZDUSD reversing from 1st resistance, facing bearish pressure!

NZDUSD has reversed from 1st resistance of 0.69694, in line with 61.8% Fibonacci retracement and 50% Fibonacci extension. Prices are expected to fall to 1st support of 0.68809, in line with 78.6% Fibonacci extension. Prices may rally towards 2nd resistance of 0.70237, in line with 127.2% Fibonacci retracement and 100% Fibonacci extension. Indicator supports a bearish view.