FX.co ★ NZD/USD drop in progress, remain bearish

Price rose perfectly to our selling area as expected and saw a strong reaction from our major resistance at 0.7223 (Fibonacci projection, horizontal resistance) where we expect a drop to at least 0.7168.

Stochastic (21,5,3) is seeing major resistance at the 94% level where we expect another bearish reaction from.

Sell below 0.7223. Stop loss at 0.7257. Take profit at 0.7168.