NZDUSD dropping nicely, remain bearish

FX:NZDUSD   紐元 / 美元
Sell below 0.7055. Stop loss at 0.7181. Take profit at 0.6822.
Reason for the trading strategy (technically):
Price has tested our major resistance area and is dropping nicely. We remain bearish looking to sell below major resistance at 0.7055 ( Fibonacci retracement , horizontal overlap resistance, resistance area ) and we’re expecting a drop from this level towards 0.6822 support ( Fibonacci retracement , horizontal swing low support.
Stochastic (34,3,1) is seeing resistance at our 97% level and dropping nicely with good downside potential.
Main resistance broken its a buy mates
We've had some small fake breakouts on this to the north. Will be interesting to see how this responds to the news at 1:30pm for USD and later this evening from NZD. May end up being a somewhat long term trade.
Currently in this trade. Thank you.
I am holding NZDJPY. Will this drop as well? I am hoping NZD goes bearish as Westpac consumer confidence came out low. Please comment
BazJabbar BrijeshKukreja
@BrijeshKukreja, looks like its at the resistance level at the moment abd struggling to break that so will most likely drop down from here
@BazJabbar, holding NZDJPY since 3days now @78.53 but doesn’t show signs of going down. Went up to 79.20 abc came back down this afternoon to 78.70. Then again back up. Trying to see if I can cut down my losses if it goes down back or wait until tomorrow evening US CST time to check NZ results GDP etc
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