NZD/USD dropping nicely from our selling area, remain bearish

Price has reached our selling area and is dropping nicely from it. We remain bearish below major resistance at 0.7051 (Fibonacci extension, Elliott wave theory, horizontal resistance, bearish divergence) for a further drop to at least 0.6987 support (Fibonacci retracement, horizontal overlap support). Stochastic (34,5,3) is seeing major resistance below 96% level and also sees […]