NZDUSD is testing major support once again at 0.7278 (Fibonacci retracement, fibonacci extension, horizontal overlap support) and a bounce could occur at this level to push price up to at least 0.7346 resistance (Fibonacci retracement, horizontal swing high resistance) We do have to be wary of the descending resistance line and only a break of that line would increase our bullishness.
Stochastic (21,5,3) is seeing major support above 6.7% where a corresponding bounce could occur.
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Desmond Leong runs an award-winning research firm (The Technical Analyst finalists 2018/19/20 for Best FX and Equity Research) advising banks, brokers and hedge funds. Backed by a team of CFA, CMT, CFTe accredited traders, he takes on the market daily using a combination of technical and fundamental analysis.