FX.co ★ NZD/USD once again testing major resistance, remain bearish

Price has risen and is now testing major resistance at 0.6853 (Multiple Fibonacci retracement, overlap resistance, multiple Fibonacci extensions) and we expect to see a strong reaction off this level to push price down to at least 0.6781 support (Fibonacci extension, horizontal swing low support).

Stochastic (34,3,1) is seeing major resistance at 89% where we expect a corresponding reaction from.

Sell below 0.6853. Stop loss at 0.6887. Take profit at 0.6781.