NZD/USD at major resistance, time to start selling

Price made a strong push up and is now at major resistance at 0.7345 (Fibonacci retracement, Fibonacci projection, horizontal resistance) where we expect a strong drop from here towards 0.7190.

RSI (34) is also at major resistance where the previous major reversal occurred.

Sell below 0.7345. Stop loss at 0.7375. Take profit at 0.7190.

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

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