FX.co ★ NZD/USD profit target almost reached, remain bearish

The price dropped perfectly towards our profit target. We remain bearish below 0.7300 major resistance (horizontal resistance, Fibonacci retracement) for a drop to 0.7220. The key strategy today is to sell when price makes a bounce up towards 0.7300 level as we are clearly in a triangle formation and the opportunity lies in playing the ranges.

RSI (21) is below resistance.

Sell below 0.7300. Place stop loss at 0.7360 and take profit at 0.7220