#NZDUSD is at pivot, potential for bounce!
Price is reacting above pivot level at 0.69765, in-line with 50% Fibonacci retracement and 61.8% Fibonacci extension level. Price could potentially swing towards resistance at 0.70715, in-line with 61.8% Fibonacci retracement , 78.6% Fibonacci extension level and descending trendline resistance.
Alternatively, price could potentially drop to support level at 0.69450, in-line with 61.8% Fibonacci retracement level and 78.6% Fibonacci extension level.
Pivot:
0.69765
Why we like it:
50% Fibonacci retracement and 61.8% Fibonacci extension level
1st Support:
0.69450
61.8% Fibonacci retracement level and 78.6% Fibonacci extension level
1st Resistance:
0.70715
61.8% Fibonacci retracement , 78.6% Fibonacci extension level and descending trendline resistance
Trading FX & CFDs carries high risk.
Alternatively, price could potentially drop to support level at 0.69450, in-line with 61.8% Fibonacci retracement level and 78.6% Fibonacci extension level.
Pivot:
0.69765
Why we like it:
50% Fibonacci retracement and 61.8% Fibonacci extension level
1st Support:
0.69450
61.8% Fibonacci retracement level and 78.6% Fibonacci extension level
1st Resistance:
0.70715
61.8% Fibonacci retracement , 78.6% Fibonacci extension level and descending trendline 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.