The NZD/USD pair remains bearish below 0.7143 resistance (Fibonacci retracement, horizontal resistance). We expect a drop to at least 0.7045 (Fibonacci retracement, Fibonacci projection, horizontal overlap support).
Stochastic (21,5,3) is seeing strong resistance at 95%.
Sell below 0.7143. Set stop loss at 0.7178 and take profit at 0.7045.
The material has been provided by InstaForex Company – www.instaforex.com
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