FX.co ★ NZDUSD right on major resistance, sell now.

Price has risen to our selling level at 0.7150 as expected. This is a major resistance (horizontal resistance + Fibonacci retracement + bearish candlestick reversal). We sell from here for a drop to 0.7070.

Stochastics (21,5,3) has also turned down from our area of resistance signaling a bearish move it approaching.

Trading Recommendations:

Sell below 0.7150.

Stop Loss at 0.7225.

Take profit at 0.7070.