NZDUSD is approaching our first support at 0.6720 (100% Fibonacci extension , 61.8% Fibonacci retracement , Horizontal swing low support) where a strong bounce might occur above this level to our major resistance at 0.6829 (61.8% Fibonacci extension , 50% Fibonacci retracement , Horizontal overlap resistance). Stochastic is also approaching support where we might see a corresponding bounce in price. Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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