NZDUSD reversed nicely off descending channel resistance!

٧ مايو ٢٠١٨

NZDUSD tested its descending channel resistance at 0.7040 (78.6% Fibonacci retracement, 61.8% Fibonacci extension, horizontal swing high resistance) and reversed nicely where it has the potential to fall further to its support at 0.6987 (61.8% Fibonacci extension, horizontal swing low support).
Stochastic (21, 5, 3) reversed nicely off its resistance where a corresponding drop could occur.