NZDUSD appraoching support, potential bounce!

٢٢ أبريل ٢٠١٩

NZDUSD is approaching our first support at 0.6672 (horizontal swing low support, 61.8% Fibonacci extension. Descending channel support) where a strong bounce to our major resistance at 0.6741 (horizontal overlap resistance, 61.8% Fibonacci retracement) might occur. Stochastic is approaching support as well.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.