NZDUSD bearish idea based on some fibs

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
108 0
Hi traders,

On the NZDUSD we can see a cluster of Fibonacci ratio's around the 0.70500 area, indicating that price could reverse from here.
Entry: 0.70537
Stop: 0.71389
Target: 0.68655 = R:RR 2.21

Good luck guys! Updates will follow.
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