NZDUSD appraoching support, potential bounce!
NZDUSD is approaching our first support at 0.6672 (horizontal swing low support, 61.8% Fibonacci extension. Descending channel support) where a strong bounce to our major resistance at 0.6741 (horizontal overlap resistance, 61.8% Fibonacci retracement) might occur. Stochastic is approaching support as well.
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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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