NZD/USD right on resistance, sell for a corrective drop
The price has continued to rise and is now seeing strong resistance at 0.7528 (Multiple Fibonacci extensions) and we expect to see a corrective drop from this level to at least 0.7461 support (Fibonacci retracement, horizontal pullback support). Stochastic (55,5,3) is seeing major resistance below 94% where we expect a reaction from soon. Sell below […]