NZDCAD approaching support, potential bounce!

١٢ فبراير ٢٠١٩

NZDCAD is approaching our first support at 0.8921 (horizontal swing low support, 38.2% fiboancci retracement, 61.8% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 0.8994 (horizontal swing high resistance, 38.2% fiboancci retracement).
Stochastic (89,5,3) is approaching support and we might see a corresponding rise in price should it bounce off this level.
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