NZDUSD, H4 bounced from our Pivot. Potential for a rise.
Price has bounced from our Pivot point of 0.71604, which is in line with 23.6% Fibonacci retracement, 127% fibonacci extension and horizontal graphical overlap. A potential rise from here towards our first resistance level of 0.72285, in line with the 61.8% fibonacci retracement, 61.8% fibonacci extension and horizontal graphical overlap. It is worth noting that Stochastics is showing bullish pressure where price have previously reacted off the 10% level, in line with our analysis.
Description:
Pivot: 0.71604
Why we like it:
23.6% Fibonacci retracement, 127% fibonacci extension and horizontal graphical overlap
1st Support: 0.71051
Why we like it:
200% fibonacci extension and horizontal swing low support.
1st Resistance: 0.72285
Why we like it:
61.8% fibonacci retracement, 61.8% fibonacci extension and horizontal graphical overlap
Trading FX & CFDs carries high risk.
Description:
Pivot: 0.71604
Why we like it:
23.6% Fibonacci retracement, 127% fibonacci extension and horizontal graphical overlap
1st Support: 0.71051
Why we like it:
200% fibonacci extension and horizontal swing low support.
1st Resistance: 0.72285
Why we like it:
61.8% fibonacci retracement, 61.8% fibonacci extension and horizontal graphical overlap
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.