NZDUSD reached out target perfectly, prepare for a reaction!

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NZDUSD has shot up perfectly to our forecasted resistance. We’re now seeing major resistance at 0.7273 (Fibonacci retracement, horizontal overlap resistance) and a strong reaction could occur at this price to drive price all the way down to major support at 0.7185 (Fibonacci extension, horizontal swing low support).

Stochastic (34,5,3) is seeing major resistance at 96% where a corresponding reaction could occur.

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