NZDUSD approaching resistance, potential drop!

١٧ يناير ٢٠١٩

NZDUSD is approaching our first resistance at 0.6790 (horizontal swing high resistance, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 0.6721 (horizontal overlap support, 50% Fibonacci retracement). Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias.
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