NZDCAD approaching resistance, potential drop!

١١ فبراير ٢٠١٩

NZDCAD is approaching our first resistance at 0.9012 (horizontal pullback resistance, 100% Fibonacci extension, 61.8% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 0.8974 (Horizontal pullback support, 50% Fibonacci retracement).
Stochastic (55, 5, 3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
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