FX.co ★ NZD/USD approaching major resistance, prepare to sell

The price is fast approaching major resistance at 0.7480 (highest point for past 2 years) and we expect to see a drop from that level to at least 0.7394 support (Fibonacci retracement, horizontal overlap support).

Stochastic (34,5,3) is seeing nice resistance below 94% and we expect to see a corresponding drop from this level.

Sell below 0.7480. Stop loss is at 0.7510. Take profit is at 0.7394.