Main Quotes Calendar Forum
flag

FX.co ★ NZD/USD prepare to sell on major resistance

parent
Forex Analysis:::2017-09-08T01:37:04

NZD/USD prepare to sell on major resistance

We prepare to sell on major resistance at 0.7295 (Fibonacci extension, horizontal swing high resistance, Fibonacci retracement) for a strong push down from that level to at least 0.7203 support (Fibonacci retracement, horizontal overlap support).

Stochastic (34,3,1) is seeing strong resistance at 95% and we expect a reaction from that level to push price down similarly.

Sell below 0.7295. Stop loss is at 0.7340. Take profit is at 0.7203.

NZD/USD prepare to sell on major resistance

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...