NZD/USD prepare to sell on major resistance

We prepare to sell on major resistance at 0.7295 (Fibonacci extension, horizontal swing high resistance, Fibonacci retracement) for a strong push down from that level to at least 0.7203 support (Fibonacci retracement, horizontal overlap support).

Stochastic (34,3,1) is seeing strong resistance at 95% and we expect a reaction from that level to push price down similarly.

Sell below 0.7295. Stop loss is at 0.7340. Take profit is at 0.7203.


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