NZDUSD approaching support, potential bounce!
NZDUSD is approaching our first support at 0.6817 (horizontal swing low support, 38.2% fibonacci retracement, 100% fibonacci extension) and a strong bounce might occur pushing price up to our major resistance at 0.6867 (61.8% fibonacci retracement, 61.8% fibonacci extension).
Stochastic (34, 5, 3) is also approaching support and we might see a corresponding rise in price should it bounce off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (34, 5, 3) is also approaching support and we might see a corresponding rise in price should it bounce off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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.