NZD.USD at critical Support. NU bulls must hold or face new lows

NU is at a critical support zone right now.
It is cluster of many fibs from different tf's.
If this breaks, the next support is not as strong.

There is US econ news coming next hour (Retail Sales).
So that might whipsaw the price quite a bit just after.
But IF the news is bad, THEN this is perfect bounce opp.

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Got a nice bounce exactly where expected

Zooming in and looking only at the bounce on 3min

the 4.236 would be a logical end of this move, at $0.63025

Now back to the original plot, the target still looks good

BUT there are a couple of higher tf fibs before the target.

I do expect one more leg up in Asian session, and perhaps even into London.