FX.co ★ NZD/USD profit target reached perfectly, prepare to buy for another bounce

The price has dropped perfectly to our profit target. We prepare to buy above major support at 0.7247 (Fibonacci extension, Fibonacci retracement, horizontal swing low support) for a bounce up to at least 0.7341 resistance (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance).

Stochastic (34,3,1) is seeing strong support above 1.8% where we expect a bounce from.

Buy above 0.7247. Stop loss is at 0.7178. Take profit is at 0.7341.