NZD/USD still on major support, remain bullish 12.04.2017:1h

12 באפר׳ 2017

Price is testing major support at 0.6949 (Fibonacci retracement, horizontal overlap support, bullish divergence) and we remain bullish above this level for a push up towards 0.7092 resistance (Fibonacci retracement, horizontal overlap resistance). Stochastic (34,5,3) is seeing strong support above 6.69% and also displays bullish divergence vs price signalling that a bounce is impending.

Buy above 0.6949. Stop loss at 0.6884. Take profit at 0.7092.