FX.co ★ NZDUSD reversing from 1st resistance, facing bearish pressure!

NZDUSD has reversed from 1st resistance of 0.70193, in line with 100% Fibonacci extension. Prices are expected to fall to 1st support of 0.68809, in line with 127,2% Fibonacci retracement and 127.2% Fibonacci extension. Prices may rally towards 2nd resistance of 0.70940, in line with 161.8% Fibonacci retracement. Indicator supports a bearish view.