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Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

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NZD/USD right on our buying area, remain bullish for a bounce

Price has dropped as expected to our buying area. We look to buy above strong support at 0.7303 (Fibonacci retracement, swing low support, bullish price action) and we expect a bounce above this level to push price up to at least 0.7409 resistance (Fibonacci extension, horizontal swing high resistance).

Stochastic (21,5,3) is seeing strong support above 3.9% where we expect a bounce from.

Buy above 0.7303. Stop loss at 0.7243. Take profit at 0.7409.

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