NZD/USD Approaching Support, Potential Bounce!
The NZD/USD pair is approaching our first support level at 0.6707 (horizontal swing low support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension, Elliot wave structure) where we expect a strong bounce above this level to our major resistance level at 0.6821 (horizontal pullback resistance, 50% Fibonacci retracement).
Stochastic (55,5,3) is also approaching support. NZD/USD is nearing our first support where a bounce above this level is anticipated.
Buy above 0.6... Read More ...
Jeff Wecker