NZDUSD, H4 is testing our Pivot point. Potential for rise
Description:
Price is approaching our Pivot point of 0.72229, which is in line with 127% Fibonacci retracement, 88% and 127% Fibonacci extension. A potential rise from here towards our first resistance level of 0.72884, in line with 161.8%, -61.8% Fibonacci retracement and 161.8% fibonacci extension. Please note that price is trending above the Ichimoku cloud, in line with our bullish view.
Pivot: 0.72229
Why we like it:
127% Fibonacci retracement, 88% and 127% Fibonacci extension
1st Support: 0.71740
Why we like it:
-27%, 78.6%, 161.8% Fibonacci retracement and horizontal graphical overlap.
1st Resistance: 0.72884
Why we like it:
161.8%, -61.8% Fibonacci retracement and 161.8% fibonacci extension
Trading FX & CFDs carries high risk.
Price is approaching our Pivot point of 0.72229, which is in line with 127% Fibonacci retracement, 88% and 127% Fibonacci extension. A potential rise from here towards our first resistance level of 0.72884, in line with 161.8%, -61.8% Fibonacci retracement and 161.8% fibonacci extension. Please note that price is trending above the Ichimoku cloud, in line with our bullish view.
Pivot: 0.72229
Why we like it:
127% Fibonacci retracement, 88% and 127% Fibonacci extension
1st Support: 0.71740
Why we like it:
-27%, 78.6%, 161.8% Fibonacci retracement and horizontal graphical overlap.
1st Resistance: 0.72884
Why we like it:
161.8%, -61.8% Fibonacci retracement and 161.8% fibonacci extension
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.