• NZDUSD has bounced nicely, potential for another bounce!

    NZDUSD has bounced up really nicely from our major support and is now back down to test it again at 0.7306 (50% Fibonacci retracement, 61.8% Fibonacci retracement, Fibonacci extension, horizontal overlap support). Another bounce could occur above this level to push price up to 0.7374 resistance (Fibonacci retracement, horizontal overlap resistance). Stochastic (34,5,3) has bounced […]

  • NZDUSD testing another strong support with a potential for a bounce!

    NZDUSD is testing major support at 0.7306 (50% Fibonacci retracement, 61.8% Fibonacci retracement, Fibonacci extension, horizontal overlap support) and a bounce could occur above this level to push price up to 0.7374 resistance (Fibonacci retracement, horizontal overlap resistance). Stochastic (34,5,3) is seeing strong support above 4.0% where a corresponding bounce could occur. Trading CFDs on […]

  • NZDUSD testing major support, prepare for a potential bounce!

    NZDUSD is testing our major support at 0.7336 really nicely (multiple Fibonacci retracement, horizontal overlap support) and a strong bounce could occur at this level to push price up towards 0.7428 resistance (Fibonacci extension, horizontal swing high resistance). Stochastic (34,5,3) is seeing strong support above 8.0% where a corresponding bounce could occur similar to what […]

  • NZDUSD has reached our resistance target, potential upcoming drop!

    NZDUSD has bounced up perfectly from our 1st support and reached our major resistance from Friday. We’re now seeing major resistance at 0.7276 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension) and a strong drop could occur from this level to push price down to at least 0.7186 support (Fibonacci extension, horizontal swing low support). Stochastic […]

  • NZDUSD testing major support, upcoming potential bounce!

    NZDUSD is testing major support at 0.7185 (Fibonacci retracement, horizontal overlap support, Elliott wave structure) and a strong bounce could occur at this level to drive price up to at least 0.7276 resistance (Fibonacci retracement, horizontal pullback resistance). Stochastic (34,5,3) is seeing major support above 5.4% where a corresponding bounce could occur. Trading CFDs on […]

  • NZDUSD has started to break out major support level, watch for a possible drop!

    NZDUSD is starting to break our major support-turned-resistance level at 0.7276 and a strong drop could occur from here to push price towards 0.7184 support (Fibonacci retracement, horizontal overlap support). We require a stronger close below our 1st support level at 0.7276 to add further conviction to the bearish setup. Trading CFDs on margin carries […]

  • NZDUSD hovering above major support, watch for a bearish break!

    NZDUSD is hovering nicely above major support at 0.7276 (Fibonacci retracement, horizontal swing low support) and a break of this level could trigger a mega drop towards 0.7184 support (Fibonacci retracement, horizontal overlap support). It is important to wait for the candlestick to at least close below our 1st support level to potentially trigger the […]

  • NZDUSD approaching channel support once again, potential bounce

    NZDUSD is approaching major support once again at 0.7239 (channel support, 50% Fibonacci retracement, horizontal swing low support) and a bounce could occur at this level pushing price up to at least 0.7328 resistance (Fibonacci extension, horizontal swing high resistance). Stochastic (21,5,3) is seeing major support above 1.9% where further bullish action could be expected. […]

  • NZDUSD back to resistance, possible strong reversal lining up!

    NZDUSD is back to testing our major resistance level at 0.7239 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance, bearish divergence, bearish price action) and a strong reaction could occur at this level to push price down to at least 0.7031 support (50% Fibonacci retracement, horizontal pullback support. It is worth noting that […]

  • NZDUSD in supply zone, keep an eye out

    NZDUSD is seeing major resistance in our supply zone around the 0.7070 area (61.8% Fibonacci retracement, 100% Fibonacci extension, horizontal overlap resistance) and a strong drop could occur from this level to drive price towards our major support area of 0.6823 (Fibonacci extension, horizontal swing low support). Stochastic (55,5,3) is seeing major resistance below our […]

  • NZDUSD has broken major support!

    Price has reversed nicely below our resistance area at 0.7050 (61.8% Fibonacci retracement, Multiple 38.2% Fibonacci retracement, 100% Fibonacci extension, overlap resistance) and a strong drop in price could occur after breaking our 0.6980 support level. Our next major level of resistance is at 0.7214 (Fibonacci retracement, horizontal swing high resistance) and our next major […]

  • NZDUSD reversing nicely below major resistance!

    Price is now reversing nicely below our major area of resistance from 0.7042 to 0.7084 (38.2% Fibonacci retracement, 100% Fibonacci extension, horizontal overlap resistance). Our next major level of support is at 0.6823 (Fibonacci extension, horizontal swing low support) and our next major level of resistance is at 0.7214 (Fibonacci retracement, horizontal swing high resistance). […]