NZD/USD the major resistance, the time to start selling




The price is a great resistance and we take this opportunity to start selling. We are looking to sell below 0.7174 resistance (Fibonacci retracement, walking down the resistance, the horizontal overlap of the resistance) to the push down to at least 0.7087 of support (Fibonacci extension, the Elliott wave theory).

RSI (55), it is to see in a descending resistance comparable to prices now down.

Sell below 0.7174. Stop loss is at 0.7210. Take profit is at 0.7087.



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