NZDUSD is approaching support, potential for a bounce!

Price is approaching our first support at 0.72251, in line with 61.8% Fibonacci extension, 61.8% Fibonacci retracement and horizontal swing low support, where we could see a further bounce above this level to our first resistance at 0.72678, in line with our 100% Fibonacci extension, 50% Fibonacci retracement and horizontal swing high resistance. Price continues to hold above the ascending trendline and Ichimoku cloud, showing bullish pressure in line with our analysis.

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