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FX.co ★ NZD/USD right at major resistance, turn bearish.

NZD/USD right at major resistance, turn bearish.

Our profit target was reached perfectly last week. We now turn bearish looking to sell below 0.7270 major resistance (horizontal resistance, Fibonacci retracement, Fibonacci projection) for a drop to 0.7210 support.

RSI (21) is on pullback resistance similarly with price.

NZD/USD right at major resistance, turn bearish.

Buy on break of 1.4890. Stop loss at 1.4800. Take profit at 1.4985.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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