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FX.co ★ NZD/USD at major resistance, time to sell

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Forex Analysis:::2016-11-02T09:05:44

NZD/USD at major resistance, time to sell

We turn bearish below major resistance at 0.7246 (Fibonacci retracement, Fibonacci projection) and we expect a drop from here towards 0.7175.

RSI (34) is seeing major resistance at 67% where our previous major reversal occurred.

Sell below 0.7246. Stop loss at 0.7266. Take profit at 0.7171

NZD/USD at major resistance, time to sell

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Analyst InstaForex
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