FX.co ★ NZD/USD right on major support, remain bullish for a bounce

The price has dropped right to our buying area once again. We remain bullish looking to buy above major support at 0.7202 (Fibonacci extension, horizontal swing low support) for a further push up to at least 0.7331 resistance (Fibonacci retracement, horizontal swing high resistance).

Stochastic (34,5,3) is seeing major support above 2.4% where we expect a bounce from soon.

Buy below 0.7202. Stop loss is at 0.7153. Take profit is at 0.7331.