FX:NZDUSD   New Zealand Dollar / U.S. Dollar
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3
33 1
long
Nice idea on NZDUSD and there may be bullish potential as you have identified. I have identified a support level at 0.6426, which is above the level that you are expecting a bounce. It is a horizontal swing low support, with a 61.8% &100% Fibonacci extension and 76.4% Fibonacci retracement. Stochastic has bounced off its support at 3.3%, where a corresponding rise could occur. If a bounce does happen, we may take a closer look at the 0.6487 resistance level. It is a horizontal swing high resistance with a 23.6% Fibonacci retracement. Looking forward to seeing how things develop.

Please have a look at my idea and we would like to hear from you.


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