FX.co ★ NZD/USD perfect reversal. Expecting a bounce before a further drop.

NZD/USD reversed perfectly below our resistance of 0.7325 and 0.7350 yesterday. We can take our profits now. We are waiting for a bounce to around the 0.7320 level to go short again for another drop to the channel support at 0.7230.

Sell below 0.7320. Stop loss is at 0.7350. Take profit is at 0.7230.