NZDUSD approaching resistance, potential drop!

١٨ يونيو ٢٠١٨

NZDUSD is approaching our first resistance at 0.6963 (horizontal overlap resistance) and a strong reaction might occur below this level pushing price down to our major support at 0.6777 (horizontal swing low support, 61.8% Fibonacci extension). Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias.
RSI (55) is also approaching our resistance and a reaction off this level might see a corresponding drop in price.
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