NZDUSD approaching resistance, potential reversal!
NZDUSD is approaching its resistance at 0.7378 (100% Fibonacci extension, 76.4% Fibonacci retracement, multiple swing high resistance) where it could potentially react off, causing price to fall to its 1st support at 0.7322 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, 23.6% Fibonacci retracement, horizontal overlap support). If it breaks past this level, it could fall to its next support at 0.7240 (61.8% Fibonacci retracement, 76.4% Fibonacci retracement, horizontal overlap support). We have also identified another resistance at 0.7430 (horizontal swing high resistance).
Stochastic (89, 5, 3) is approaching its resistance at 97.7% where a corresponding reaction could occur. We have also identified a bearish divergence with price which contributes to our bearish bias.
Stochastic (89, 5, 3) is approaching its resistance at 97.7% where a corresponding reaction could occur. We have also identified a bearish divergence with price which contributes to our bearish bias.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.