NZDUSD, H4 is bouncing from our Pivot point. Potential for rise
Description:
Price is bouncing from our Pivot point of 0.71916, which is in line with 78.6% Fibonacci retracement, 78.6% Fibonacci extension, horizontal graphical area, ascending and descending trendline support. A potential rise from here towards our first resistance level of 0.72503, in line with 61.8% Fibonacci retracement, 78.6% fibonacci extension and horizontal swing high resistance.
Pivot: 0.71916
Why we like it:
78.6% Fibonacci retracement, 78.6% Fibonacci extension, horizontal graphical area, ascending and descending trendline support
1st Support: 0.71610
Why we like it:
127% Fibonacci retracement, 127% fibonacci extension and horizontal swing low support.
1st Resistance: 0.72503
Why we like it:
61.8% Fibonacci retracement, 78.6% fibonacci extension and horizontal swing high resistance
Trading FX & CFDs carries high risk.
Price is bouncing from our Pivot point of 0.71916, which is in line with 78.6% Fibonacci retracement, 78.6% Fibonacci extension, horizontal graphical area, ascending and descending trendline support. A potential rise from here towards our first resistance level of 0.72503, in line with 61.8% Fibonacci retracement, 78.6% fibonacci extension and horizontal swing high resistance.
Pivot: 0.71916
Why we like it:
78.6% Fibonacci retracement, 78.6% Fibonacci extension, horizontal graphical area, ascending and descending trendline support
1st Support: 0.71610
Why we like it:
127% Fibonacci retracement, 127% fibonacci extension and horizontal swing low support.
1st Resistance: 0.72503
Why we like it:
61.8% Fibonacci retracement, 78.6% fibonacci extension and horizontal swing high resistance
Trading FX & CFDs carries high risk.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.