FX.co ★ NZD/USD profit target almost reached, remain bearish

The price has dropped towards our profit target. We remain bearish below the major resistance at 0.7300 (horizontal resistance, Fibonacci retracement) for a drop to 0.7220.

Stochastics (21,3,3) is approaching an area of resistance from which we expect a reaction.

Sell below 0.7300. Place stop loss at 0.7360 and take profit at 0.7220.