NZDUSD approaching channel support once again, potential bounce

١٨ يناير ٢٠١٨

NZDUSD is approaching major support once again at 0.7239 (channel support, 50% Fibonacci retracement, horizontal swing low support) and a bounce could occur at this level pushing price up to at least 0.7328 resistance (Fibonacci extension, horizontal swing high resistance).

Stochastic (21,5,3) is seeing major support above 1.9% where further bullish action could be expected.

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