FX.co ★ NZD/USD Approaching Support, Prepare For A Bounce

NZD/USD is approaching its support at 0.6995 (100% Fibonacci extension, 100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap support) where we expect to see the price bounce off from here to its resistance at 0.7054 (horizontal swing high resistance).

Stochastic (34, 5, 3) is approaching its support at 6.41% where a corresponding bounce is expected.

Buy above 0.6995. Stop loss at 0.6961. Take profit at 0.7054.