NZDUSD approaching support, potential bounce!
NZDUSD is approaching our first support at 0.6744 (horizontal swing low support, 61.8% Fibonacci retracement, 100% Fibonacci extension, Elliot wave structure) where a strong bounce might occur above this level to our major resistance at 0.6766 (horizontal overlap resistance, 38.2%, 50% Fibonacci retracement).
Stochastic (34,5,3) is also approaching our first support where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (34,5,3) is also approaching our first support where we might see a corresponding bounce in price.
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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