NZD/USD remain bullish above major support

We remain bullish looking to buy above major support at 0.7202 (Fibonacci extension, horizontal swing low support) for a further push up to at least 0.7331 resistance (Fibonacci retracement, horizontal swing high resistance).

Stochastic (55,5,3) is seeing major support above 3.3% where we're seeing a corresponding bounce from along with good upside potential.

Buy below 0.7202. Stop loss is at 0.7153. Take profit is at 0.7331.


The material has been provided by InstaForex Company -