NZD/USD Approaching Resistance, Prepare For A Reversal
November 15, 2018 7:23 am
NZD/USD is approaching its resistance at 0.6824 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal swing high resistance) where it is expected to reverse down to its support at 0.6769 (50% Fibonacci retracement, horizontal overlap support).
Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding reversal is expected.
NZD/USD is approaching its resistance where we expect to see a reversal.
Sell below 0.6824. Stop loss 0.6861. Take profit at 0.6769.
The material has been provided by InstaForex Company – www.instaforex.com
NZD/USD is approaching its resistance at 0.6824 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal swing high resistance) where it is expected to reverse down to its support at 0.6769 (50% Fibonacci retracement, horizontal overlap support).
Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding reversal is expected.
NZD/USD is approaching its resistance where we expect to see a reversal.
Sell below 0.6824. Stop loss 0.6861. Take profit at 0.6769.
The material has been provided by InstaForex Company – www.instaforex.com
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