NZD/USD approaching key resistance, potential reversal!



Price is facing bearish pressure from our first resistance where we can expect a drop below this level to our first support level. Stochastic is approaching resistance as well.

Entry : 0.6717
Why it's good : horizontal pullback resistance, 38.2% fibonacci retracement, 61.8% Fibonacci extension
Stop Loss : 0.6775
Why it's good : horizontal swing high resistance, 50% fibonacci retracement
Take Profit : 0.6585
Why it's good : horizontal swing low support

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