FX.co ★ NZD/USD Approaching Strong Resistance, Time To Sell

Price is approaching major resistance at 0.7277 (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance), and a strong reaction could occur at this level to push the prices down to the 0.7203 support (Fibonacci retracement, horizontal swing low support).

Stochastic (89,5,3) is seeing bearish divergence along with major resistance at 93% signalling that a reversal is impending.

Sell below 0.7277. Stop loss at 0.7305. Take profit at 0.7203.