MEX_Exchange
Short

NZDUSD testing major resistance, remain bearish

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Sell below 0.7337. Stop loss at 0.7373. Take profit at 0.7223.
Reason for the trading strategy (technically):
Price is now testing major resistance at 0.7337 ( Fibonacci retracement , horizontal swing high resistance, bearish divergence) and we expect a drop from this level to at least 0.7223 support ( Fibonacci extension , horizontal swing low support).
Stochastic (34,5,3) is reversing nicely below our 96% resistance and we also see bearish divergence vs price signalling that a reversal is impending.
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