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NZDUSD testing strong support with a potential for a bounce!

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Nyzeeländsk dollar/USA-dollar (FX:NZDUSD)  
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FX:NZDUSD   Nyzeeländsk dollar/USA-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 major support at 0.7306 (50% Fibonacci retracement, 61.8% Fibonacci retracement, Fibonacci extension, horizontal overlap support) and a bounce could occur above this level to push price up to 0.7374 resistance (Fibonacci retracement, horizontal overlap resistance).

Stochastic (34,5,3) is seeing strong support above 4.0% where a corresponding bounce could occur.

Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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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