• NZDUSD approaching channel support once again, potential bounce

    NZDUSD is approaching major support once again at 0.7239 (channel support, 50% Fibonacci retracement, horizontal swing low support) and a bounce could occur at this level pushing price up to at least 0.7328 resistance (Fibonacci extension, horizontal swing high resistance). Stochastic (21,5,3) is seeing major support above 1.9% where further bullish action could be expected. […]

  • NZDUSD back to resistance, possible strong reversal lining up!

    NZDUSD is back to testing our major resistance level at 0.7239 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance, bearish divergence, bearish price action) and a strong reaction could occur at this level to push price down to at least 0.7031 support (50% Fibonacci retracement, horizontal pullback support. It is worth noting that […]

  • NZDUSD in supply zone, keep an eye out

    NZDUSD is seeing major resistance in our supply zone around the 0.7070 area (61.8% Fibonacci retracement, 100% Fibonacci extension, horizontal overlap resistance) and a strong drop could occur from this level to drive price towards our major support area of 0.6823 (Fibonacci extension, horizontal swing low support). Stochastic (55,5,3) is seeing major resistance below our […]

  • NZDUSD has broken major support!

    Price has reversed nicely below our resistance area at 0.7050 (61.8% Fibonacci retracement, Multiple 38.2% Fibonacci retracement, 100% Fibonacci extension, overlap resistance) and a strong drop in price could occur after breaking our 0.6980 support level. Our next major level of resistance is at 0.7214 (Fibonacci retracement, horizontal swing high resistance) and our next major […]

  • NZDUSD reversing nicely below major resistance!

    Price is now reversing nicely below our major area of resistance from 0.7042 to 0.7084 (38.2% Fibonacci retracement, 100% Fibonacci extension, horizontal overlap resistance). Our next major level of support is at 0.6823 (Fibonacci extension, horizontal swing low support) and our next major level of resistance is at 0.7214 (Fibonacci retracement, horizontal swing high resistance). […]