NZDUSD potential double bottom reversal!
NZDUSD has formed a double bottom reversal with 1st major support at 0.6964 (Fibonacci retracement, horizontal overlap support, breakout level, bullish Ichimoku cloud) and a strong rally could occur from here to push prices all the way up to major resistance at 0.7057 (Fibonacci retracement, double bottom exit potential).
RSI (55) remains in an ascending channel signalling potential further bullishness.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
RSI (55) remains in an ascending channel signalling potential further bullishness.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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