FX.co ★ NZD/USD approaching support, potential bounce!

NZDUSD is approaching our first support at 0.6754 (horizontal swing low support, 78.6% fibonacci retracement ) where a strong bounce might occur above this level pushing price up to our major resistance at 0.6826 (horizontal pullback resistance, 38.2% fibonacci retracement ). Stochastic is approaching support as well. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.