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Euro / New Zealand Dollar
Long

EURNZD Bounced Off Support, Potential For A Further Rise

By ICmarkets
Broker
EURNZD bounced nicely off its support at 1.6705 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 1.6873 (76.4% Fibonacci retracement, horizontal pullback resistance).
Stochastic (55, 5, 3) is bounced off its support at 1.7% where a corresponding rise could occur.
Chart PatternsEUREURNZDeurnzdlongHarmonic PatternsNZDTrend Analysis
ICmarkets
Broker
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
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