NZDUSD dropping nicely, remain bearish for a further drop
Published on: November 21, 2017
Sell below 0.6834. Stop loss at 0.6846. Take profit at 0.6781.
Reason for the trading strategy (technically):
We look to sell on strength below strong resistance at 0.6834 (Fibonacci retracement, horizontal overlap resistance) for a push down to at least 0.6781 support (Fibonacci extension, horizontal swing low support).
RSI (34) sees long term descending resistance holding price down really well.