FX.co ★ NZD/USD testing selling area, remain bearish

The price continues to test our selling area. We look to remain bearish below major resistance at 0.6885 (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance, bearish price action) and we expect to see a corrective drop from here to at least 0.6823 support (Fibonacci retracement, horizontal overlap support).

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

Sell below 0.6885. Stop loss is at 0.6922. Take profit is at 0.6823.