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

NZDUSD is approaching our first support at 0.67223 (horizontal swing low support, 61.8% Fibonacci retracement , 61.8% Fibonacci extension ) where a strong bounce might occur to our first resistance at 0.67685 (horizontal swing high resistance, 23.6% Fibonacci retracement . Stochastic is also seeing a bullish divergence and approaching support where we might see a corresponding bounce in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.