FX.co ★ NZD/USD is right on major resistance, time to sell

Price has made a pullback to our major resistance area at 0.7277 (Multiple Fibonacci retracement, horizontal overlap resistance) and we expect a strong reaction from this level to push the price down to the 0.7187 support (Fibonacci extension, horizontal swing low support).

Stochastic (34,5,3) is seeing major resistance below 95% where a corresponding reaction could occur.

Sell below 0.7277. Stop loss at 0.7308. Take profit at 0.7187.