NZD/USD Bounced Off Support, Prepare For A Further Rise
September 17, 2018 7:22 am
NZD/USD bounced nicely off its support at 0.6540 (61.8% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 0.6572 (61.8% Fibonacci retracement).
Stochastic (89, 5, 3) is bounced off its support at 3.6% where a corresponding rise could occur.
NZD/USD bounced nicely off its support where we expect to see a further rise.
Buy above 0.6540. Stop loss at 0.6522. Take profit at 0.6572.
The material has been provided by InstaForex Company – www.instaforex.com
NZD/USD bounced nicely off its support at 0.6540 (61.8% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 0.6572 (61.8% Fibonacci retracement).
Stochastic (89, 5, 3) is bounced off its support at 3.6% where a corresponding rise could occur.
NZD/USD bounced nicely off its support where we expect to see a further rise.
Buy above 0.6540. Stop loss at 0.6522. Take profit at 0.6572.
The material has been provided by InstaForex Company – www.instaforex.com
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