FX.co ★ NZD/USD Bounced Off Support, Prepare For A Further Rise

NZD/USD bounced nicely off its support at 0.6540 (61.8% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 0.6572 (61.8% Fibonacci retracement).

Stochastic (89, 5, 3) is bounced off its support at 3.6% where a corresponding rise could occur.

NZD/USD bounced nicely off its support where we expect to see a further rise.

Buy above 0.6540. Stop loss at 0.6522. Take profit at 0.6572.