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NZDUSD approaching support, potential bounce!

Long
New Zealand Dollar / U.S. Dollar (FX:NZDUSD)  
Tickmill Broker  
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Trend Analysis Chart Patterns Harmonic Patterns NZDUSD NZD USD nzdusdlong nzdusdshort Forex forextrading forexsignals forex_signals
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trendanalysis chartpattern harmonicpatterns nzdusd nzd usd nzdusdlong nzdusdshort forex forextrading forexsignals forex_signals
Price is approaching our first support at 0.7244 (horizontal overlap support, 61.8% Fibonacci retracement) and it might trigger a strong bounce above this level, pushing price up to our major resistance at 0.7375 (horizontal swing high resistance, 61.8% Fibonacci extension).

Stochastic (55,5,3) is also approaching our major support and we might see a corresponding rise in price should it bounce off this level.

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This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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