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FX.co ★ NZD/USD look to buy on dips for a further push up

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Forex Analysis:::2017-09-21T01:31:25

NZD/USD look to buy on dips for a further push up

Price is approaching 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.

NZD/USD look to buy on dips for a further push up

Analyst InstaForex
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