NZD/USD bouncing up nicely, remain bullish for a further rise

The price had bounced off our support level perfectly from yesterday. We remain bullish looking to buy on dips above 0.7336 (Fibonacci retracement, horizontal pullback support) for a further push up to at least 0.7389 resistance (Fibonacci retracement, horizontal pullback resistance).

Stochastic (34,5,3) is bouncing nicely off our 8% support and has good upside potential.

Buy above 0.7336. Stop loss is at 0.7305. Take profit is at 0.7389.


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