FX.co ★ NZD/USD testing major resistance, remain bearish

We remain bearish below 0.7065 resistance (Fibonacci retracement, Fibonacci extension) where we expect a drop to at least 0.6968 support (Fibonacci retracement, recent swing low support).

Stochastic (21,5,3) sees major resistance at 95% where we expect a similar and corresponding drop from.

Sell below 0.7071. Stop loss is at 0.7113. Take profit is at 0.6968.