NZD/CHF Approaching Resistance, Potential Drop!

NZD/CHF is approaching our first resistance at 0.69457 (horizontal swing high resistance, 78.6% Fibonacci retracement) where a strong drop might occur below this level to our major support at 0.67797 (horizontal swing low support, 38.2% Fibonacci retracement). Stochastic is also nearing resistance where we might see a corresponding drop in price.

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