NZDUSD is approaching our first support at 0.6754 (horizontal swing low support, 78.6% fibonacci retracement ) where a strong bounce might occur above this level pushing price up to our major resistance at 0.6826 (horizontal pullback resistance, 38.2% fibonacci retracement ). Stochastic is approaching support as well. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
The material has been provided by InstaForex Company - www.instaforex.comThursday, March 28, 2019
NZD/USD approaching support, potential bounce!
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