FX.co ★ NZD/USD right on our buying area, remain bullish for a bounce

Price has dropped as expected to our buying area. We look to buy above 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.