ICmarkets

NZDUSD Bounced Nicely Off Support, Potential Rise!

Long
OANDA:NZDUSD   New Zealand Dollar / U.S. Dollar
NZDUSD bounced nicely off its support at 0.6750 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support) where it could potentially rise to its resistance at 0.6855 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing high resistance).
Stochastic (55, 5, 3) bounced off its support at 2.9% where a corresponding rise could occur.

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