FX.co ★ NZD/USD profit target reached again, prepare to turn bearish again

Price dropped perfectly to our profit target yesterday. We now remain bearish looking to sell on strength below major resistance at 0.7193 (Fibonacci projection, Fibonacci retracement, horizontal pullback resistance) for a drop to 0.7141.

RSI (34) has made a bearish exit of its long-term ascending support-turned-resistance line signalling a reversal is approaching.

Sell below 0.7190. Stop loss at 0.7223. Take profit at 0.7141.