NZDUSD, H4 bounced off our Pivot point. Potential for rise.
Description:
Price has bounced from our Pivot point of 0.70858, which is in line with 38.2% Fibonacci retracement, 50% Fibonacci extension and horizontal graphical overlap. A potential rise from here towards our first resistance level of 0.71367, in line with 161.8% and 127.2% Fibonacci retracement level is possible. It is worth noting that price is trending above EMA (89) and ascending trendline in line with our bullish momentum.
Pivot: 0.70858
Why we like it:
38.2% Fibonacci retracement, 50% Fibonacci extension and horizontal graphical overlap
1st Support: 0.70527
Why we like it:
61.8%, 127% Fibonacci retracement, ascending trendline support and horizontal graphical overlap
1st Resistance: 0.71367
Why we like it:
161.8% and 127.2% Fibonacci retracement
Trading FX & CFDs carries high risk.
Price has bounced from our Pivot point of 0.70858, which is in line with 38.2% Fibonacci retracement, 50% Fibonacci extension and horizontal graphical overlap. A potential rise from here towards our first resistance level of 0.71367, in line with 161.8% and 127.2% Fibonacci retracement level is possible. It is worth noting that price is trending above EMA (89) and ascending trendline in line with our bullish momentum.
Pivot: 0.70858
Why we like it:
38.2% Fibonacci retracement, 50% Fibonacci extension and horizontal graphical overlap
1st Support: 0.70527
Why we like it:
61.8%, 127% Fibonacci retracement, ascending trendline support and horizontal graphical overlap
1st Resistance: 0.71367
Why we like it:
161.8% and 127.2% Fibonacci retracement
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.