NZDUSD near support, could possibly bounce
NZDUSD is approaching our first support at 0.6603(100% Fibonacci extension, horizontal swing low resistance, 38.2% Fibonacci retracement )where a strong bounce might occur pushing the price up to our major resistance at 0.6667 (horizontal overlap resistance, ,38.2% Fibonacci retracement). Stochastic is also approaching support. Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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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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.