FX.co ★ NZD/USD bouncing up perfectly, remains bullish

The price has bounced up perfectly from our buying area and is on track to our profit target. We remain bullish above 0.6985 support (Fibonacci retracement, horizontal overlap support) for a further push up to the resistance at 0.7092 (Fibonacci extension, Fibonacci retracement, horizontal overlap resistance).

RSI (34) has made a really good bullish exit signalling that a further upward movement can be expected on NZD/USD.

Buy above 0.6985. Set stop loss at 0.6934 and take profit at 0.7092.