FX.co ★ NZD/USD bouncing perfectly, remain bullish

The price has started to bounce perfectly off our major support level as expected. We remain bullish looking to buy on dips above major support at 0.6821 (Fibonacci extension, horizontal swing low support) and we expect to see a nice bounce from this level to at least 0.7052 resistance (Fibonacci retracement, horizontal overlap resistance).

Stochastic (34,3,1) is seeing strong support above 4.3% and it is starting to turn up signaling a reversal.

Buy above 0.6821. Stop loss is at 0.6720. Take profit is at 0.7052.