NZDUSD potential for further uptrend | 17th Jan

Price is trading in an ascending channel and near buy entry price of 0.67801 which is 78.6% Fibonacci retracement and 127.2% Fibonacci projection. Price can potentially go to the take profit level of 0.68864 which is 50% Fibonacci retracement. Our bullish bias is supported by the stochastic indicator as is near support level.

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