NZD/USD approaching support, potential bounce!
NZD/USD is approaching our first support at 0.6832 (horizontal swing low support, 61.8% Fibonacci extension, 50%, 76.4% Fibonacci retracement) where a strong bounce might occur above this level pushing the price up to our major resistance at 0.6932 (horizontal swing high resistance).Stochastics (34,5,3) is also nearing support where we might see a corresponding bounce in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment, so please ensure you fully understand the risks.
Jeff Wecker