NZDUSD approaching support, potential bounce!

NZDUSD is approaching our first support at 0.6707 (horizontal swing low support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension, Elliot wave structure) and a strong bounce might occur below this level pushing price up to our major resistance at 0.6822 (50% Fibonacci extension, horizontal pullback resistance).

Stochastic (55, 5, 3) is approaching its support where a corresponding bounce could occur.

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