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Technical Analysis

GBPNZD approaching resistance, potential drop!
GBPNZD approaching resistance, potential drop!

GBPNZD is approaching our first resistance at 1.9421 (horizontal swing high resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur...

NZDCHF approaching resistance, potential drop!
NZDCHF approaching resistance, potential drop!

NZDCHF is approaching our first resistance at 0.6945 (horizontal swing high resistance, 76.4% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur...

EURNZD approaching support, potential bounce!
EURNZD approaching support, potential bounce!

EURNZD is approaching our first support at 1.6327 (horizontal swing low support, 100% Fibonacci extension) where a strong bounce might occur above this level to our major resistance at...

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Summary

We are seeing a nice setup on NZDCHF and GBPNZD as it is approaching resistance where we are expecting a drop below this level. ...

CADCHF approaching resistance, potential drop!
CADCHF approaching resistance, potential drop!

CADCHF is approaching our first resistance at 0.7544 (horizontal pullback resistance, 50% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our...

EURCHF approaching resistance, potential drop!
EURCHF approaching resistance, potential drop!

EURCHF is approaching our first resistance at 1.1369 (horizontal swing high resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur...

NZDUSD approaching resistance, potential drop!
NZDUSD approaching resistance, potential drop!

NZDUSD is approaching our first resistance at 0.6835 (horizontal overlap resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below...

GBPCAD approaching support, potential bounce!
GBPCAD approaching support, potential bounce!

GBPCAD is approaching our first support at 1.7268 (horizontal pullback support, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) where a strong bounce might occur above...

Summary
Summary

We are seeing a nice setup on NZDUSD and CADCHF as it is approaching resistance where we are expecting a drop below this level. CADJPY bounced nicely to our first resistance level:...