MEX_Exchange

NZDUSD testing selling area, remain bearish

Short
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Sell below 0.6885. Stop loss at 0.6922. Take profit at 0.6823.
Reason for the trading strategy (technically):
Price continues to test our selling area. We look to remain bearish below major resistance at 0.6885 (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance, bearish price action) and we expect to see a corrective drop from here to at least 0.6823 support (Fibonacci retracement, horizontal overlap support).
Stochastic (34,3,1) is seeing major resistance below 89% where we expect a corresponding drop from.
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