NZD/USD has bounced further up, forming a nice reversal below the strong resistance at 0.6940 (Fibonacci retracement, Fibonacci extension, Elliott wave theory) and we expect a drop below this level towards the support at 0.6889 (Fibonacci retracement, horizontal overlap support). Stochastic (34,5,3) is seeing major resistance below the 95% level from which we expect a […]