NZDUSD approaching support, potential bounce!

٢٥ يناير ٢٠١٩

NZDUSD is approaching our first support at 0.6744 (horizontal swing low support, 61.8% Fibonacci retracement, 100% Fibonacci extension, Elliot wave structure) where a strong bounce might occur above this level to our major resistance at 0.6766 (horizontal overlap resistance, 38.2%, 50% Fibonacci retracement).
Stochastic (34,5,3) is also approaching our first support where we might see a corresponding bounce in price.
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