FX.co ★ NZD/USD Remains Bearish For A Drop

Price has risen since yesterday and is now testing major resistance at 0.7249 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) and a strong reaction could occur at this level to push the prices down to next support at 0.7154 (Fibonacci extension, horizontal swing low support).

Stochastic (34,5,3) is seeing major resistance at 94% where a corresponding reaction could occur.

Sell below 0.7249. Stop loss at 0.7289. Take profit at 0.7154.