NZDUSD approaching support, potential bounce!

Price is approaching our first support at 0.7244 (horizontal overlap support, 61.8% Fibonacci retracement) and it might trigger a strong bounce above this level, pushing price up to our major resistance at 0.7375 (horizontal swing high resistance, 61.8% Fibonacci extension).

Stochastic (55,5,3) is also approaching our major support and we might see a corresponding rise in price should it bounce off this level.

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