FX.co ★ NSD/USD pullback in progress below key resistance

NZDUSD is seeing a pull back below resistance at 9.01. Further drop expected.

Entry: 8.94890

Why it's good : Horizontal graphical resistance and holding below 34 period EMA

Take Profit : 8.80785

Why it's good: 50% Fibonacci retracement, 100% Fibonacci extension. Horizontal graphical supportStop Loss: 9.02820Why it's good: Horizontal graphical resistance