NZDUSD is approaching support, potential bounce!
NZDUSD is approaching its support at 0.7302 (100% Fibonacci extension x2, 61.8% Fibonacci retracement, 38.2% Fibonacci retracement) where a potential bounce could happen, causing price to rise to its resistance at 0.7338 (38.2% Fibonacci retracement, horizontal overlap resistance). If it breaks past this level, it could rise to 0.7395 (61.8% Fibonacci extension, horizontal swing high resistance).
Stochastic (89, 5, 3) is approaching its support at 2.66% where we expect to see a corresponding reaction.
Stochastic (89, 5, 3) is approaching its support at 2.66% where we expect to see a corresponding reaction.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.