TradingView
Klimex
Mar 11, 2019 1:47 AM

NZDUSD Approaching Resistance, Prepare For A Reversal  Short

New Zealand Dollar/U.S. DollarFXCM

Description

NZDUSD is approaching its resistance at 0.6838 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where it is expected to reverse down to its support at 0.6767(76.4% Fibonacci retracement).
Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding reversal is expected.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.


More