NZD/USD right at major resistance, turn bearish.

Our profit target was reached perfectly last week. We now turn bearish looking to sell below 0.7270 major resistance (horizontal resistance, Fibonacci retracement, Fibonacci projection) for a drop to 0.7210 support.

RSI (21) is on pullback resistance similarly with price.

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Buy on break of 1.4890. Stop loss at 1.4800. Take profit at 1.4985.

The material has been provided by InstaForex Company – www.instaforex.com

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