NZD/USD reacted off our selling area perfectly, remain bearish.

NZD/USD touched our selling area and dropped perfectly from it once again. 0.7268 is a key resistance level (Fibonacci retracement, Fibonacci projection, multiple horizontal pullback resistance) that we intend to keep selling off for a further drop to 0.7210.

RSI (21) is approaching pullback resistance where we expect another reaction from.

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Sell below 0.7268 resistance. Stop loss is at 0.7300. Take profit is at 0.7210.

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

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