FX.co ★ NZD/USD reversed from resistance as expected, continue to sell

Price reversed below our major resistance yesterday as expected and we continue to play the drop. We continue to sell below resistance at 0.7202 (fibonacci retracement, pullback resistance) for a push down to 0.7122.

Stochastics (21,5,3) has made a bearish exit signalling a strong bearish move is in progress.

RSI (34) has made a bearish exit signalling a strong bearish move is unfolding.

Sell below 0.0.7207. Stop loss at 0.7254. Take profit at 0.7122.