Bullish outlook on NZDUSD - 6 April 2023
On the H1 timeframe, price is testing a key support zone at 0.6280, which is in line with the 61.8% Fibonacci retracement. A throwback to this support zone could present an opportunity to ride the bounce to the resistance zone at 0.6350, which coincides with the 61.8% Fibonacci extension and graphical high. Stochastics are in the oversold region below 20, supporting our bullish bias.
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.