NZDUSD approaching support, potential bounce!

5 במרץ 2019

NZDUSD is approaching our first support at 0.6768 (horizontal overlap support, 61.8%, 100% Fibonacci extension, 76.4% Fibonacci retracement) where we might see a strong bounce above our support to our major resistance at 0.6850 (61.8% Fibonacci retracement, horizontal swing high resistance).
Stochastic (34,5,3) is also approaching support where we might see a corresponding bounce in price.
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