NZD/USD testing resistance, time to go short

The price is now starting to test major resistance at 0.7055 (Fibonacci retracement, horizontal overlap resistance) and we expect a strong reaction off this level to push the price down to at least 0.6822 support (Fibonacci extension, horizontal swing low support). Stochastic (34,3,1) is seeing major resistance below 97% and we expect a strong drop […]

AUD/USD right on resistance, time to sell

The price is now right below major resistance at 0.7739 (Fibonacci retracement, horizontal pullback resistance) and we expect a strong reaction off this level to push the price down to at least 0.7580 support (Fibonacci retracement, horizontal breakout support level). Stochastic (34,3,1) is seeing major resistance below 98% and we expect a strong reaction off […]

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