GBPNZD Approaching Support, Potential Bounce
GBPNZD is approaching its support at 1.9593 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 1.9881 (38.2% Fibonacci retracement, horizontal swing high resistance). Stochastic (89, 5, 3) is approaching its support at 3.7% and there may be bullish divergence with price, where a corresponding bounce could occur.
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