NZDUSD near support, could possibly bounce
NZDUSD is approaching our first support at 0.6603(100% Fibonacci extension, horizontal swing low resistance, 38.2% Fibonacci retracement )where a strong bounce might occur pushing the price up to our major resistance at 0.6667 (horizontal overlap resistance, ,38.2% Fibonacci retracement). Stochastic is also approaching support. Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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