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NZDUSD approaching support, potential rise!

Long
New Zealand Dollar / U.S. Dollar (FX:NZDUSD)  
easyMarkets Broker  
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Trend Analysis Harmonic Patterns Chart Patterns NZDUSD NZD USD nzdusdlong nzdusdshort forextrading forexsignals Bitcoin (Cryptocurrency)
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trendanalysis harmonicpatterns chartpattern nzdusd nzd usd nzdusdlong nzdusdshort forextrading forexsignals bitcoin
NZDUSD is approaching our first support at 0.7248 (horizontal pullback support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension). A strong bounce might occur above this level, pushing price up to our major resistance at 0.7294 (horizontal swing high resistance, 61.8% Fibonacci retracement).

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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