Main Quotes Calendar Forum
flag

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

parent
Forex Analysis:::2016-11-03T06:59:27

NZD/USD at major resistance, time to start selling

Price made a strong push up and is now at major resistance of 0.7308 (Fibonacci retracement, Fibonacci projection, horizontal resistance) where we expect a sharp drop from here towards 0.7185.

RSI (34) is also at major resistance where the previous major reversal occurred.

Sell below 0.7308. Stop loss at 0.7350. Take profit at 0.7185.

NZD/USD at major resistance, time to start selling

Analyst InstaForex
Share this article:
parent
loader...
all-was_read__icon
You have watched all the best publications
presently.
We are already looking for something interesting for you...
all-was_read__star
Recently published:
loader...
More recent publications...