FX.co ★ NZD/USD profit target reached, prepare to sell again

Price dropped perfectly to our profit target from yesterday. We look to continue to sell below major resistance at 0.7220 (Fibonacci retracement, pullback resistance) for a further drop to 0.7120.

RSI (21) has made multiple bearish exits signalling a big bearish move is in progress.

Sell below 0.7220. Stop loss at 0.7300. Take profit at 0.7120.