NZD/USD at perfect selling area, time to sell - Forex247

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Friday, October 14, 2016

NZD/USD at perfect selling area, time to sell

Price has made a bearish channel exit triggering, so we look to sell below major resistance at 0.7126 (Fibonacci retracement, pullback resistance) for a push down to 0.6956.

RSI (34) is below a long-term descending resistance line.

Stochastics (21,5,3) is below major resistance at 90% too.

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