FX.co - NZD/USD is still at resistance, continue to sell

2016-10-20T00:50:37

Long-term review

We look to sell below major resistance at 0.7226 (Fibonacci projection, horizontal overlap resistance) for a push down towards the 0.7122 level.

Stochastics (21,5,3) is also below major resistance at 90%.

Sell below 0.7226. Set stop loss at 0.7311 and take profit at 0.7122.

NZD/USD is still at resistance, continue to sell

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Dean Leo

FX.co ★ NZD/USD is still at resistance, continue to sell