NZD/USD is testing major resistance, watch for a reversal
Price is testing major resistance at 0.7431 (Fibonacci extension, horizontal swing high resistance), and a strong reaction could occur at this level to push the price down towards the 0.7256 support (Fibonacci retracement, horizontal swing low support). Stochastic (34,5,3) is seeing major resistance at 95% where a corresponding reaction could occur. Sell below 0.7431. Stop […]