GBPNZD Broke below support, potential for further drop | 2 July for FOREXCOM:GBPNZD by FXCM

GBPNZD Broke below ascending trendline support, now resistance. A further drop below 50% Fibonacci retracement at 1.97756 towards graphical swing low and -27.20% Fibonacci retracement level at 1.96714 could be possible. Stochastic is testing resistance as well where price dropped lower in the past.

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