NZDUSD approaching support, potential bounce!
NZDUSD is approaching our first support at 0.6722 (horizontal swing low support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce might occur to our first resistance at 0.6768 (horizontal swing high resistance, 23.6% Fibonacci retracement.
Stochastic is also seeing a bullish divergence and approaching 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 is also seeing a bullish divergence and approaching 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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