NZD/USD Technical Analysis: Stochastics and RSI over stretched, 23.6% Fibo retracement could be on the cards

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  • NZD/USD is in oversold territory according to stochastics and RSI.
  • A bullish correction could be on the cards from this key level where the price is meeting the flash crash lows.
  • On a Fib retracement basis, the 23.6% comes in at early April support as a keen target initially.
  • Alternatively, 0.6500 could be on the cards meeting Oct and Sep support. 

 

 

 

 

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