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Klimex
Apr 9, 2019 1:30 AM

NZDCAD Approaching Support, Prepare For A Bounce  Long

New Zealand Dollar/Canadian DollarFXCM

Description


NZDCAD is approaching its support at 0.8912(100% Fibonacci extension ,horizontal swing low support, 38.2% Fibonacci retracement) where it could potentially bounce to its resistance at 0.9080(38.2% Fibonacci retracement, horizontal overlap resistance).
Stochastic (34, 5, 3) is approaching its support at 6% where a corresponding bounce could occur.

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