NZDCHF approaching support, potential bounce!
NZDCHF is approaching our first support at 0.6788 (horizontal overlap support, 23.6%, 78.6% Fibonacci retracement, 100% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 0.6896 (76.4% Fibonacci retracement, 61.8% Fibonacci extension).
Stochastic (21,5,3) is also approaching support and we might see a corresponding bounce in price.
Stochastic (21,5,3) is also approaching support and we might see a corresponding bounce in price.
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