NZDUSD 1H FRAME

15 Ara 2016

Price dropped perfectly from our selling area to our profit target for the sixth time in a row. We are now looking to sell on strength below 0.7154 resistance (Fibonacci retracement, ascending resistance pullback) for a further drop to 0.7046.RSI (34) has also made a bearish exit of a long-term ascending support-turned-resistance line. This shows a change in momentum from bullish to bearish. Sell below 0.7223. Stop loss at 0.7257. Take profit at 0.7168.

15 Ara 2016

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