NZDUSD approaching support, potential bounce!
NZDUSD is approaching our first support at 0.6708 (horizontal swing low support, 38.2% fiboancci retracement, 100% fiboancci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 0.6813 (horizontal swing high resistance, 61.8% fiboancci retracement, 61.8% fiboancci extension).
Stochastic (89,5,3) is approaching support and we might see a corresponding rise in price should it bounce off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (89,5,3) is approaching support and we might see a corresponding rise in price should it bounce off this level.
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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