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New Zealand Dollar / U.S. Dollar
Long

NZDUSD testing major support, upcoming potential bounce!

By Tickmill
Broker

NZDUSD is testing major support at 0.7185 (Fibonacci retracement, horizontal overlap support, Elliott wave structure) and a strong bounce could occur at this level to drive price up to at least 0.7276 resistance (Fibonacci retracement, horizontal pullback resistance).

Stochastic (34,5,3) is seeing major support above 5.4% where a corresponding bounce could occur.

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Losses can exceed the initial investment so please ensure you fully understand the risks.
Chart PatternsforexsignalsHarmonic PatternsNZDNZDUSDnzdusddailynzdusdlongnzdusdsellnzdusdshortnzdusdtradeTrend AnalysisUSD
Tickmill
Broker
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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