NZDUSD approaching support, potential rise!
NZDUSD is approaching our first support level at 0.7218 (horizontal overlap support, 61.8% Fibonacci retracement). A strong reaction might occur at this level pushing price up to our first resistance level at 0.7260 (horizontal swing high resistance, 38.2% Fibonacci retracement). If price breaks out of this level, it could potentially rise to our second resistance level at 0.7288 (61.8% Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap resistance).
(55,5,3) has bounced nicely off our major support level and has good upside potential for further rise.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
(55,5,3) has bounced nicely off our major support level and has good upside potential for further rise.
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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