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Long

NZDCHF approaching support, potential bounce!

FX:NZDCHF   New Zealand Dollar/Swiss Franc
NZDCHF is approaching our first support at 0.6788 (horizontal overlap support, 23.6%, 78.6% Fibonacci retracement , 100% Fibonacci extension ) where a strong bounce might occur above this level pushing price up to our major resistance at 0.6850 (50% Fibonacci retracement , horizontal swing high resistance ).

Stochastic (34,5,3) is also approaching support and we might see a corresponding bounce in price.

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