FX.co ★ NZD/USD Trading Recommendations for 20th June 2016

We can see fractal resistance at 0.7100 (graphical resistance, fibonacci retracement, 1.0 fibonacci extension) that has the RSI right below a descending resistance line. This gives us a good conviction of a drop from here to at least 0.7015.

Trading recommendations:

Sell now below 0.7100

Stop loss at 0.7150

Take profit at 0.7015