FX.co ★ NZD/USD close to major resistance, prepare to turn bearish

Price is now approaching major resistance at 0.7147 (Fibonacci projection, horizontal swing high resistance, bearish divergence) and we expect price to drop towards at least out 0.7113 support (Fibonacci retracement, horizontal overlap support).

Stochastic (21,5,3) is seeing resistance at 91% and also displaying bearish divergence vs price which means a reversal is approaching.

Sell below 0.7147. Stop loss at 0.7173. Take profit at 0.7113.