NZDUSD approaching support, potential bounce!

١٣ يونيو ٢٠١٨

NZDUSD is approaching our first support at 0.6992 (horizontal overlap support, 38.2%, 61.8% Fibonacci retracement, 100% Fibonacci extension) where a strong bounce might occur above this level, pushing price up to our major resistance at 0.7039 (horizonal swing high resistance, 61.8% Fibonacci retracement).
Stochastic (55,5,3) is also approaching our support where a bounce off this level might see a corresponding rise in price.
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