NZDUSD Short \\ Lower Timeframe (Hourly)

Price has trended nicely and moved through to the 1.618 Fibonacci extension level. We've seen a slow down and a failure to break past 0.7380 which appears to be a nice resistance level. We are overbought on the MM oscillator. Volume showing a switch to selling dominance. Expecting good drop with a good RR ratio of over 3.5 (but could definitely get more if we move through MM levels without sign of trend continuation)
GannTechnical IndicatorsmurreymathNZDUSDTrend Analysis

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