NZD/USD profit target reached again, prepare to turn bearish again
December 9, 2016 9:57 am
Price dropped perfectly to our profit target yesterday. We now remain bearish looking to sell on strength below major resistance at 0.7193 (Fibonacci projection, Fibonacci retracement, horizontal pullback resistance) for a drop to 0.7141.
RSI (34) has made a bearish exit of its long-term ascending support-turned-resistance line signalling a reversal is approaching.
Sell below 0.7190. Stop loss at 0.7223. Take profit at 0.7141.
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
Price dropped perfectly to our profit target yesterday. We now remain bearish looking to sell on strength below major resistance at 0.7193 (Fibonacci projection, Fibonacci retracement, horizontal pullback resistance) for a drop to 0.7141.
RSI (34) has made a bearish exit of its long-term ascending support-turned-resistance line signalling a reversal is approaching.
Sell below 0.7190. Stop loss at 0.7223. Take profit at 0.7141.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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