The NZD/USD pair is approaching its support at 0.6714 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 0.6780 (50% Fibonacci retracement, horizontal swing high resistance).
Stochastic (55, 5, 3) is nearing its support at 1.72% where a corresponding bounce is anticipated.
NZD/USD is approaching its support where we expect to see a bounce.
Buy above 0.6714. Stop loss at 0.6666. Take profit at 0.6797.
The material has been provided by InstaForex Company – www.instaforex.com
The NZD/USD pair is approaching its support at 0.6714 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 0.6780 (50% Fibonacci retracement, horizontal swing high resistance).
Stochastic (55, 5, 3) is nearing its support at 1.72% where a corresponding bounce is anticipated.
NZD/USD is approaching its support where we expect to see a bounce.
Buy above 0.6714. Stop loss at 0.6666. Take profit at 0.6797.
The material has been provided by InstaForex Company – www.instaforex.com
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