MEX_Exchange
Long

NZDUSD profit target reached, prepare to buy

FX:NZDUSD   Neuseeländischer Dollar / US-Dollar
Buy above 0.7333. Stop loss at 0.7305. Take profit at 0.7389.
Reason for the trading strategy (technically):
Price has dropped perfectly from our selling area and is fast approaching our profit target. We prepare to buy above major support at 0.7333 ( Fibonacci retracement , horizontal swing low support, Fibonacci extension ) for a push up to at least 0.7389 resistance ( Fibonacci retracement , horizontal pullback resistance).
RSI (34) sees intermediate resistance at 49% which continues to hold it down, as long as RSI remains below this level, our long term view on NZDUSD             would be bearish .
Stochastic is seeing major support at 8% signalling that a short term correction is fast approaching.
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