NZD/USD profit target reached, well, get ready to sell




The price has rebounded in fine fashion from the purchase of our region and reached our profit target. We are preparing to sell below the major resistance at 0.7247 (Fibonacci retracement, horizontal overlap of the resistance of Fibonacci extension) to push down for at least 0.7178 of support (Fibonacci extension, horizontal swing low support) one more time.

Stochastic (21,3,1) is strong resistance to 95% in the case where we expect a drop of.

Sell below 0.7247. Stop loss is at 0.7300. Take profit is 0.7178.



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