NZD/USD Testing Resistance, Prepare For Reversal
NZD/USD is testing its resistance at 0.6620 (38.2% & 23.6% Fibonacci retracement, overlap resistance) where a reversal to its support at 0.6561 (61.8% Fibonacci retracement, horizontal pullback support) is expected.
Stochastic (55, 5, 3) has reversed off its resistance at 96% where a corresponding drop is expected. NZD/USD is testing its resistance where we expect to see a reversal.
Sell below...
Jeff Wecker