NZD/USD bouncing perfectly above support, remain bullish

The price has bounced perfectly off our support and has made a bullish exit. We remain bullish above major support at 0.6992 (Fibonacci retracement, horizontal support, Fibonacci extension) for a push up to the 0.7091 resistance (Fibonacci retracement, horizontal overlap resistance).

Stochastic (55,5,3) has made a similar bullish exit signalling the price is going to rise alongside Stochastic as it has good upside potential.

Buy above 0.6992. Stop loss at 0.6955. Take profit at 0.7091.


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