NZD/USD is right on major resistance, time to sell

Price has made a pullback to our major resistance area at 0.7277 (Multiple Fibonacci retracement, horizontal overlap resistance) and we expect a strong reaction from this level to push the price down to the 0.7187 support (Fibonacci extension, horizontal swing low support). Stochastic (34,5,3) is seeing major resistance below 95% where a corresponding reaction could […]