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NZDUSD approaching channel support once again, potential bounce

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Dolar New Zealand / Dolar A.S. (FX:NZDUSD)  
Tickmill Broker  
FX:NZDUSD   Dolar New Zealand / Dolar A.S.
Trend Analysis Harmonic Patterns Chart Patterns NZDUSD NZD USD nzdusdshort nzdusdlong nzdusdtrade nzdusddaily nzdusdsell nzdusdbreakout
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trendanalysis harmonicpatterns chartpattern nzdusd nzd usd nzdusdshort nzdusdlong nzdusdtrade nzdusddaily nzdusdsell nzdusdbreakout
NZDUSD is approaching major support once again at 0.7239 (channel support, 50% Fibonacci retracement, horizontal swing low support) and a bounce could occur at this level pushing price up to at least 0.7328 resistance (Fibonacci extension, horizontal swing high resistance).

Stochastic (21,5,3) is seeing major support above 1.9% where further bullish action could be expected.

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This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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