NZDUSD, H4 testing our Pivot point. Potential for further rise
Description:
Price is testing from our Pivot point of 0.71898, which is in line with 61.8% Fibonacci retracement, 78.6%, 127% Fibonacci extension and moving average support. A potential rise from here towards our first resistance level of 0.72331, in line with 61.8% Fibonacci retracement and horizontal graphical resistance. Please note that price is trending above the moving average, which is in line with our bullish analysis.
Pivot: 0.71898
Why we like it:
61.8% Fibonacci retracement, 78.6%, 127% Fibonacci extension and moving average support
1st Support: 0.71540
Why we like it:
241% Fibonacci retracement, 100% Fibonacci extension and horizontal graphical overlap.
1st Resistance: 0.72331
Why we like it:
61.8% Fibonacci retracement and horizontal graphical resistance
Trading FX & CFDs carries high risk.
Price is testing from our Pivot point of 0.71898, which is in line with 61.8% Fibonacci retracement, 78.6%, 127% Fibonacci extension and moving average support. A potential rise from here towards our first resistance level of 0.72331, in line with 61.8% Fibonacci retracement and horizontal graphical resistance. Please note that price is trending above the moving average, which is in line with our bullish analysis.
Pivot: 0.71898
Why we like it:
61.8% Fibonacci retracement, 78.6%, 127% Fibonacci extension and moving average support
1st Support: 0.71540
Why we like it:
241% Fibonacci retracement, 100% Fibonacci extension and horizontal graphical overlap.
1st Resistance: 0.72331
Why we like it:
61.8% Fibonacci retracement and horizontal graphical 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.