NZDUSD approaching support, potential bounce!
NZDUSD is approaching our first support at 0.6806 (horizontal pullback support, 38.2%, 50% Fibonacci retracement, 100% Fibonacci extension) where a strong bounce might occur to our major resistance at 0.6839 (50% Fibonacci retracement).
Stochastic (21,5,3) is also approaching support where we might be seeing 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 (21,5,3) is also approaching support where we might be seeing 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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