FX.co ★ NZD/USD testing major support, remain bullish

Now the price is testing major support at 0.6992 (Fibonacci retracement, horizontal support, and Fibonacci extension) and we remain bullish above this level for a push up to 0.7091 resistance (Fibonacci retracement, horizontal overlap resistance). When the price surpasses our descending resistance line it will give us further confidence of our bullish move up.

Stochastic (55,5,3) is seeing strong support above the 1.2% level.

Buy above 0.6992. Stop loss is at 0.6955. Take profit is at 0.7091.