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ICmarkets
Mar 29, 2019 2:25 AM

Kiwi Index Approached Support, Prepare For A Further Rise Long

NZDAUD/0.97+NZDJPY/76.5+NZDUSD/0.69+NZDEUR/0.61+NZDGBP/0.52+NZDCHF/0.69+NZDCAD/0.92ICE

Description

Kiwi index is approaching its support at 6.8837 (100% Fibonacci extension , 61.8% & 50% Fibonacci retracement , horizontal swing low0 support) where it could potentially bounce to its resistance at 6.9397 (38.2% Fibonacci retracement , 61.8% Fibonacci extension , horizontal pullback resistance).

Stochastic (89, 5, 3) is approaching its support at 3.6% where a corresponding bounce could occur.
Comments
mikecryptonite
Good moment to short now?
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