NZD/USD Approaching Support, Prepare For Bounce
The NZD/USD pair is approaching its support at 0.6714 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 0.6780 (50% Fibonacci retracement, horizontal swing high resistance).
Stochastic (55, 5, 3) is nearing its support at 1.72% where a corresponding bounce is anticipated. NZD/USD is approaching its support where we expect to see a bounce.
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Jeff Wecker