NZD/USD reached our profit target of 0.7225 perfectly and bounced up as expected. We consider selling again at 0.7325 major resistance (horizontal resistance, Fibonacci retracement, Fibonacci projection, bearish candlestick reversal) for another drop to 0.7225.
Stochastics (21,5,3) is approaching 93% resistance
RSI Indicator (21) is also facing downside pressure from the descending resistance line
Sell below 0.7325. Stop loss is at 0.7350. Take profit could be placed at 0.7225.
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