NZDUSD approaching resistance, potential drop!
New Zealand Dollar/U.S. Dollar FX:NZDUSD
NZDUSD is approaching our first resistance at 0.6936 (horizontal swing high resistance, 61.8% Fibonacci retracement , 61.8% Fibonacci extension ) where it could potentially drop to our first support at 0.6852 (horizontal swing low support).
Stochastic is also approaching our resistance where we might see a corresponding drop in price should it react off that level.