Get started

Foextrading

LONG NZDUSD approaching support, potential bounce!NZDUSD is approaching our first support at 0.6707 (horizontal swing low support, 61.8% Fibonacci retracement , 61.8% Fibonacci extension ) and a strong bounce might occur below this level pushing price up to our major resistance at 0.6772(23.6% Fibonacci retracement , horizontal swing high resistance). Stochastic (55, 5, 3) is approaching its support where a corresponding bounce could occur. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks
Long
by Klimex