Klimex

NZDCAD Bounced Off Support, Prepare for A Further Rise

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OANDA:NZDCAD   NZD/CAD
NZDCAD bounced nicely off its support at 0.9052 (horizontal overlap support, 61.8% fibonacci extension , 61.8% fibonacci retracement ) where it could potentially bounce to its resistance at 0.9122 (horizontal swing high resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement ).
Stochastic (21, 5, 3) is bounced off its support where a corresponding rise could occur.

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