FX.co ★ NZD/USD: bearish exit triggered, turn bearish

Price has broke our ascending support-turned-resistance line triggering a bearish drop to 0.7255. The key idea is to sell at around the resistance level from 0.7335 to 0.7360 (Fibonacci retracement, pullback resistance).Stochastics (21,3,3) has made a bearish exit triggering a bearish move and also displays bearish divergence vs price.