FX.co ★ NZD/USD profit target reached nicely, prepare to sell

The price has bounced up nicely from our buying area and reached our profit target. We prepare to sell below major resistance at 0.7247 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension) for a push down to at least 0.7178 support (Fibonacci extension, horizontal swing low support) once again.

Stochastic (21,3,1) is seeing strong resistance at 95% where we expect a drop from.

Sell below 0.7247. Stop loss is at 0.7300. Take profit is at 0.7178.