NZDUSD testing support, potential bounce!

NZDUSD is testing our first support at 0.7244 (horizontal overlap support, 61.8% Fibonacci retracement). A strong bounce could occur above this level pushing price up to our major resistance at 0.7375 (horizontal swing high resistance, 61.8% Fibonacci extension).

Stochastic (55,5,3) is also approaching our major support and a bounce off this level might be a good precursor for a potential rise in price.

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