NZDUSD is approaching our first support at 0.6806 (horizontal pullback support, 38.2%, 50% Fibonacci retracement, 100% Fibonacci extension) where a strong bounce might occur to our major resistance at 0.6839 (50% Fibonacci retracement).
Stochastic (21,5,3) is also approaching support where we might be seeing a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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