GBPNZD approaching support, potential bounce!

١٠ يناير ٢٠١٩

GBPNZD is approaching our first support at 1.8746 (horizontal swing low support, 61.8% fibonacci extension, 38.2% fibonacci retracement, ascending channel’s support) where a strong bounce might occur pushing price up to our major resistance at 1.8977 (horizontal swing high resistance, 61.8% Fibonacci retracement).
Stochastic (89,5,3) is also approaching support where we might see a corresponding bounce in price.
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