The price has bounced up perfectly from our buying area and is on track to our profit target. We remain bullish above 0.6985 support (Fibonacci retracement, horizontal overlap support) for a further push up to the resistance at 0.7092 (Fibonacci extension, Fibonacci retracement, horizontal overlap resistance).
RSI (34) has made a really good bullish exit signalling that a further upward movement can be expected on NZD/USD.
Buy above 0.6985. Set stop loss at 0.6934 and take profit at 0.7092.
