FX.co ★ NZD/USD profit target reached absolutely perfectly, prepare to buy for a bounce

The price dropped absolutely perfectly from our selling area and reached our profit target. We prepare to buy above major support at 0.7204 (Fibonacci retracement, horizontal overlap support) for a bounce up to at least 0.7264 resistance (Fibonacci extension, horizontal swing high resistance, Fibonacci retracement).

Stochastic (34,5,3) is seeing strong support above 2.6% where we expect a bounce from.

Sell below 0.7204. Stop loss is at 0.7181. Take profit is at 0.7264.