NZDUSD testing major support once again!
NZDUSD is testing major support once again at 0.7278 (Fibonacci retracement, fibonacci extension, horizontal overlap support) and a bounce could occur at this level to push price up to at least 0.7346 resistance (Fibonacci retracement, horizontal swing high resistance) We do have to be wary of the descending resistance line and only a break of that line would increase our bullishness.
Stochastic (21,5,3) is seeing major support above 6.7% where a corresponding bounce could occur.
Stochastic (21,5,3) is seeing major support above 6.7% where a corresponding bounce could occur.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.