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ICmarkets
Nov 8, 2018 3:00 AM

NZDUSD Approaching Support, Potential Bounce Long

NZD/USDOANDA

Description

NZDUSD is approaching its support at 0.6721 (61.8% Fibonacci extension, 50% & 23.6% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 0.6792 (horizontal swing high resistance). Stochastic (89, 5, 3) is approaching its support at 4% where a corresponding bounce could occur.
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