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FX.co ★ NZDUSD at major resistance, sell now.

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Forex Analysis:::2016-08-11T08:28:31

NZDUSD at major resistance, sell now.

We look to sell again at a major fractal resistance level of 0.7325 (Fibonacci projection + horizontal resistance + bearish candlestick formation) for a new drop to 0.7185.

RSI (21) is at major resistance at 72% and has started to turn down signaling a bearish move is in progress.

NZDUSD at major resistance, sell now.

Sell below 0.7325. Stop loss at 0.7400. Take profit at 0.7185.

Analyst InstaForex
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