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New Zealand Dollar / U.S. Dollar
Short

NZDUSD testing major resistance, potential for drop!

By ICmarkets
Broker
NZDUSD is testing major resistance at 0.7278 (multiple fibonacci retracement, horizontal overlap resistance, descending resistance) and a strong drop could occur from here to push price down towards 0.7190 support (Fibonacci extension, horizontal swing low support). Our next resistance is at 0.7312 which also has multiple fibonacci retracements and an overlap resistance.

Stochastic (21,5,3) is approaching major resistance at 96%.
Chart PatternsForexforexsignalsforextradingHarmonic PatternsNZDNZDUSDnzdusdlongnzdusdshortswingtradeTrend AnalysisUSD
ICmarkets
Broker
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
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