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NZDUSD broke out of support, potential drop!

Short
Dollar Néo-Zélandais / Dollar Américain (FX:NZDUSD)  
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FX:NZDUSD   Dollar Néo-Zélandais / Dollar Américain
Trend Analysis Harmonic Patterns Chart Patterns NZD USD NZDUSD nzdusdshort nzdusdlong Forex forextrading forexsignals Bitcoin (Cryptocurrency)
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trendanalysis harmonicpatterns chartpattern nzd usd nzdusd nzdusdshort nzdusdlong forex forextrading forexsignals bitcoin
NZDUSD broke out of its short term ascending pullback resistance line and is currently testing our first resistance level at 0.7186 (horizontal overlap resistance). A strong reaction might occur at this level pushing price down to our intermediate support level at 0.7109 (50% Fibonacci retracement, 100% Fibonacci extension). Should price break out of this level, it might drop to our major support at 0.7028 (61.8% Fibonacci retracement, horizontal pullback support).

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