FX.co ★ NZD/USD approaching major support, prepare to buy

Price is approaching major support at 0.7312 (Fibonacci retracement, horizontal overlap support, long term ascending support) and a bounce could occur at this level to push price up to at least 0.7436 resistance (major swing high resistance, Fibonacci extension).

RSI (34) sees a long term ascending support line, which since November 2017 has been holding up our bullish momentum really well.

Buy above 0.7312. Stop loss at 0.7256. Take profit at 0.7436.