NZDUSD approaching support, potential bounce!

26 ก.ย. 2018

NZDUSD is approaching our first support at 0.6622 (horizontal overlap support, 61.8%, Fibonacci extension, 38.2% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 0.6722 (horizontal overlap resistance).
Ichimoku cloud is also showing bullish pressure in line with our bullish bias. Stochastic (34,5,3) is also approaching support and we might see a corresponding bounce in price should it bounce off this level.
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