NZD/USD Testing Resistance, Prepare For Reversal

NZD/USD is testing its resistance at 0.6620 (38.2% & 23.6% Fibonacci retracement, overlap resistance) where a reversal to its support at 0.6561 (61.8% Fibonacci retracement, horizontal pullback support) is expected.

Stochastic (55, 5, 3) has reversed off its resistance at 96% where a corresponding drop is expected.

NZD/USD is testing its resistance where we expect to see a reversal.

Sell below 0.6620. Stop loss at 0.6645. Take profit at 0.6561.


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