NZDUSD remain bullish

21 April, 2017

NZDUSD remain bullish

Buy above 0.6985. Stop loss at 0.6934. Take profit at 0.7092. Reason for the trading strategy (technically):

We remain bullish looking to buy on dips above 0.6985 support (Fibonacci retracement, horizontal overlap support) for a further push up to 0.7092 resistance (Fibonacci extension, Fibonacci retracement, horizontal overlap resistance).

Stochastic (34,5,3) is seeing strong support above the 3.9% level where we expect a further bounce from.


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