NZD/USD Approaching Support, Prepare For Bounce
The NZD/USD pair is approaching its support at 0.6808 (100% Fibonacci extension, 50% & 38.2% Fibonacci retracement, horizontal pullback support) where it could potentially bounce to its resistance at 0.6846 (61.8% Fibonacci retracement, horizontal swing high resistance).
Stochastic (89, 5, 3) is nearing its support at 4.9% where a corresponding bounce could occur. NZD/USD is approaching its support where we expect to see a bounce.
Buy above 0.6... Read More...
Jeff Wecker