NZD/USD profit target reached perfectly, prepare to sell

Price has bounced up from our buying area and reached our profit target perfectly. We prepare to sell below major resistance at 0.7342 (Fibonacci extension, horizontal swing high resistance) for a push down to at least 0.7251 support (Fibonacci retracement, horizontal swing low support).

Stochastic (34,5,3) is seeing major resistance below 95% where we expect a reaction from to push price down.

Sell below 0.7342. Stop loss at 0.7376. Take profit at 0.7251.


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