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NZD/USD are looking to buy on dips for another push up — Forex Stock Trade




NZD/USD are looking to buy on dips for another push up




The price is approaching strong support at 0.7303 (Fibonacci retracement, swing, lack of support, bullish price action), and we expect a rebound above this level to push the price up to at least 0.7409 resistance (Fibonacci extension, horizontal swing high resistance).

Stochastic (21,5,3), it is to see a strong support to the above of 3.9%, where we expect a rebound.

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



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