NZDUSD testing major support once again!

27 בפבר׳ 2018

NZDUSD is testing major support once again at 0.7278 (Fibonacci retracement, fibonacci extension, horizontal overlap support) and a bounce could occur at this level to push price up to at least 0.7346 resistance (Fibonacci retracement, horizontal swing high resistance) We do have to be wary of the descending resistance line and only a break of that line would increase our bullishness.

Stochastic (21,5,3) is seeing major support above 6.7% where a corresponding bounce could occur.