NZD/USD profit target reached perfectly, prepare to buy and play the bounce

The price has dropped and reached our profit target perfectly. We prepare to buy above major support at 0.7174 (Fibonacci extension, horizontal swing low support) for a push up to at least 0.7244 resistance (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension).

Stochastic (34,3,1) is seeing major support above 0.8% where we expect further bullish price action on.

Buy above 0.7174. Stop loss is at 0.7150. Take profit is at 0.7224.


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