NZDUSD approaching support, potential bounce!
NZDUSD is approaching our first support at 0.67679 (horizontal overlap support, 78.6% fibonacci retracement, 100% fiobnacci extension, 61.8% fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 0.68281 (horizontal swing high resistance, 50% fibonacci retracement).
Stochastic (89,5,3) is also approaching support where we might see a corresponding bounce in price.
Stochastic (89,5,3) is also approaching support where we might see a corresponding bounce in price.
Note
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Global risk Warning CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading in CFDs. You should consider whether you understand how CFD
Global risk Warning CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading in CFDs. You should consider whether you understand how CFD
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