NZD/USD testing new channel resistance, start selling
The price is now in a new descending channel and testing strong resistance. We remain bearish looking to sell below 0.7283 resistance (Fibonacci retracement, horizontal overlap resistance, channel resistance) for a further push down to at least 0.7188 support (Fibonacci retracement, horizontal pullback support). RSI (55) is now below our 51% resistance level signaling that […]