NZDUSD is approaching support, potential bounce!

19 באפר׳ 2018

NZDUSD is approaching its support at 0.7302 (100% Fibonacci extension x2, 61.8% Fibonacci retracement, 38.2% Fibonacci retracement) where a potential bounce could happen, causing price to rise to its resistance at 0.7338 (38.2% Fibonacci retracement, horizontal overlap resistance). If it breaks past this level, it could rise to 0.7395 (61.8% Fibonacci extension, horizontal swing high resistance).
Stochastic (89, 5, 3) is approaching its support at 2.66% where we expect to see a corresponding reaction.