NZD/USD profit target reached perfectly, prepare to sell

The price has continued to rise perfectly to our profit target. We now prepare to sell below major resistance at 0.6968 (Fibonacci retracement, Fibonacci extension, bearish divergence) and we expect to see a strong reaction from this level to push the price down to at least 0.6827 support (Fibonacci extension, horizontal swing low support).

Stochastic (55,3,1) is seeing strong resistance below 96% and also sees bearish divergence vs price signaling that a reversal is impending.

Sell below 0.6968. Stop loss is at 0.7043. Take profit is at 0.6827.


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