NZDUSD Bounced Off Support, Prepare For A Further Rise
NZDUSD bounced nicely off its support at 0.6695 (100% Fibonacci extension, 38.2% & 61.8% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 0.6695 (61.8% Fibonacci retracement, horizontal swing high resistance). Stochastic (55, 5, 3) is bounced off its support 6% where a corresponding rise could occur.
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.