FX.co ★ NZD/USD selling area reached, remain bearish.

Price bounced up to our selling area perfectly previously which we would have used as our entry at 0.7250 (horizontal resistance, Fibonacci retracement) and we're now playing the drop further to 0.7100 support (long term Fibonacci retracement, graphical swing low).

RSI (34) has also made a bearish exit signaling a bearish move is in progress.

Sell below 0.7250. Stop loss is at 0.7325. Take profit is at 0.7100.