FX.co ★ NZD/USD Testing Support, Prepare For A Bounce

NZD/USD is approaching its support at 0.6843 (61.8% & 100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support) where price is expected to bounce up to its resistance at 0.6895 (50% Fibonacci retracement, horizontal swing high resistance).

Stochastic (55, 5, 3) is testing its support at 3.9% where a corresponding bounce is expected.

NZD/USD is testing its support where we expect to see a bounce.

Buy above 0.6843. Stop loss at 0.6802. Take profit at 0.6895.