NZDUSD approaching support, potential rise!
NZDUSD is approaching our first support at 0.7248 (horizontal pullback support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension). A strong bounce might occur above this level, pushing price up to our major resistance at 0.7294 (horizontal swing high resistance, 61.8% Fibonacci retracement).
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.
Losses can exceed the initial investment so please ensure you fully understand the risks Trading CFDs on margin carries high risk.
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.
Losses can exceed the initial investment so please ensure you fully understand the risks Trading CFDs on margin carries high risk.
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