FX.co ★ NZD/USD profit target reached perfectly, prepare to buy

The price has dropped perfectly and reached our profit target. We look to buy above major support at 0.6820 (Fibonacci retracement, Fibonacci extension, horizontal overlap support) for a push up to at least 0.6874 resistance (Fibonacci retracement, horizontal overlap resistance).

Stochastic (34,3,1) is seeing strong support above 0.8% where we expect a strong bounce from.

Buy above 0.6820. Stop loss is at 0.6785. Take profit is at 0.6874.