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

The price has continued to drop further and we're starting to see price test major support. We prepare to buy above major support at 0.7180 (Fibonacci extension, horizontal swing low support) for a bounce to at least 0.7247 resistance (Fibonacci retracement, horizontal pullback resistance).

Stochastic (34,3,1) is bouncing up nicely from our 1.8% support and has good upside potential.

Buy above 0.7180. Stop loss is at 0.7140. Take profit is at 0.7247.