NZDUSD has bounced nicely, potential for another bounce!

٢٣ فبراير ٢٠١٨

NZDUSD has bounced up really nicely from our major support and is now back down to test it again at 0.7306 (50% Fibonacci retracement, 61.8% Fibonacci retracement, Fibonacci extension, horizontal overlap support). Another bounce could occur above this level to push price up to 0.7374 resistance (Fibonacci retracement, horizontal overlap resistance).

Stochastic (34,5,3) has bounced nicely off our 5.4% major support and has good upside potential.

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