GBPNZD approaching support, potential bounce!

11 янв. 2019 г.

GBPNZD is approaching our first support at 1.8739 (horizontal swing low support, 61.8% Fibonacci extension, 38.2% Fibonacci retracement, ascending support’s channel) where a strong bounce might occur above this level pushing price up to our major resistance at 1.8982 (horizontal swing high resistance, 61.8% Fibonacci retracement).
Stochastic (55,5,3) is also approaching our 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.