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NZDUSD approaching support, potential bounce!

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Dollar New Zealand / Dollar AS (FX:NZDUSD)  
Tickmill Broker  
FX:NZDUSD   Dollar New Zealand / Dollar AS
Trend Analysis Harmonic Patterns Chart Patterns NZDUSD NZD USD nzdusdlong nzduusdshort Forex forextraidng forexsignals
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trendanalysis harmonicpatterns chartpattern nzdusd nzd usd nzdusdlong nzduusdshort forex forextraidng forexsignals
NZDUSD is approaching our first support at 0.6537 (horizontal overlap support, 100% Fibonacci extension, 38.2% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 0.6634 (horizontal overlap resistance, 61.8%, 100% Fibonacci extension, 76.4% Fibonacci retracement).
Stochastic (21,5,3) is also approaching support and we might see a corresponding bounce in price should it bounce off this level.
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This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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