NZD/USD is on major support, remain bullish

Price is right on the major support at 0.7325 (multiple Fibonacci extensions, horizontal swing low support, channel support) and we expect to see a bounce above this level for a push up to at least 0.7389 resistance (Fibonacci retracement, horizontal pullback resistance).

Stochastic is seeing the major support at 8% signalling that a short term correction is fast approaching.

Buy above 0.7325. Set stop loss at 0.7305 and take profit at 0.7389.


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