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NZDUSD testing major support, prepare for a potential bounce!

Long
New Zealand Dollar / U.S. Dollar (FX:NZDUSD)  
Tickmill Broker  
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Trend Analysis Harmonic Patterns Chart Patterns NZDUSD NZD USD nzdusdshort nzdusdlong nzdusdtrade nzdusddaily nzdusdsell Forex
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trendanalysis harmonicpatterns chartpattern nzdusd nzd usd nzdusdshort nzdusdlong nzdusdtrade nzdusddaily nzdusdsell forex
NZDUSD is testing our major support at 0.7336 really nicely (multiple Fibonacci retracement, horizontal overlap support) and a strong bounce could occur at this level to push price up towards 0.7428 resistance (Fibonacci extension, horizontal swing high resistance).

Stochastic (34,5,3) is seeing strong support above 8.0% where a corresponding bounce could occur similar to what could happen with price.

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This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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