Price is now testing major support at 0.7258 (Fibonacci retracement, horizontal overlap support, Fibonacci extension) and we expect to see a strong bounce above this level to push price up to 0.7311 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (34,5,3) is seeing major support above 13% where we expect a bounce from that corresponds to the one we're expecting on NZD/USD.
Buy above 0.7258. Stop loss at 0.7237. Take profit at 0.7311.
