FX.co ★ NZD/USD approaching support, prepare for a bounce

NZDUSD is approaching its support at 0.6624 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to the resistance at 0.6669 (61.8% Fibonacci retracement, horizontal overlap resistance).

Stochastic (55, 5, 3) is approaching its support at 2.4% where a corresponding bounce could occur.

NZDUSD is approaching its support where we expect to see a bounce.

Buy above 0.6624. Set stop loss at 0.6598 and take profit at 0.6669.