NZD/USD testing major resistance, prepare to sell

The price is now testing major resistance at 0.7322 (Fibonacci retracement, horizontal overlap resistance) and we expect to see a reaction from this level for a push down to at least 0.7223 support (Fibonacci extension, horizontal swing low support).

Stochastic (34,5,3) is seeing major resistance below 96% level and we expect to see a corresponding drop in price from.

Sell below 0.7322. Stop loss is at 0.7372. Take profit is at 0.7223.


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