We're seeing NZDUSD test major resistance at 0.7274 ( Fibonacci retracement , Fibonacci extension , horizontal swing high resistance, bearish divergence) and a strong reaction could occur at this price to push price all the way down to major support at 0.7206 ( Fibonacci retracement , horizontal swing low support). We do have to be wary of intermediate support found at 0.7232 ( Fibonacci retracement , horizontal swing low support).
Stochastic (34,5,3) is seeing major resistance at 94% and also sees bearish divergence vs price which is a precursor that price might be seeing a strong reversal.
Stochastic (34,5,3) is seeing major resistance at 94% and also sees bearish divergence vs price which is a precursor that price might be seeing a strong reversal.
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