FX.co ★ NZD/USD Bounced from Its Support, Prepare For a Further Rise

NZD/USD bounced nicely off its support at 0.7347 (61.8% Fibonacci extension, 23.6% Fibonacci retracement, horizontal overlap support) where we expect to see it rise further to its resistance at 0.7394 (horizontal swing high resistance).

Stochastic (34, 5, 3) bounced off its support at 4.2% where we expect to see a corresponding rise.

Buy above 0.7347. Stop loss at 0.7319. Take profit at 0.7394.