NZDUSD, H4 is testing our Pivot. Potential for a drop.
Price is testing our Pivot point of 0.71775, which is in line with 61.8% Fibonacci retracement, 100% fibonacci extension, descending trendline resistance and horizontal graphical overlap. A potential drop from here towards our first support level of 0.71281, in line with the 61.8% fibonacci extension and horizontal swing low.
Description:
Pivot: 0.71775
Why we like it:
61.8% Fibonacci retracement, 100% fibonacci extension, descending trendline resistance and horizontal graphical overlap
1st Support: 0.71281
Why we like it:
61.8% fibonacci extension and horizontal swing low support.
1st Resistance: 0.72158
Why we like it:
161.8% fibonacci extension, moving average and descending trendline resistance.
Trading FX & CFDs carries high risk.
Description:
Pivot: 0.71775
Why we like it:
61.8% Fibonacci retracement, 100% fibonacci extension, descending trendline resistance and horizontal graphical overlap
1st Support: 0.71281
Why we like it:
61.8% fibonacci extension and horizontal swing low support.
1st Resistance: 0.72158
Why we like it:
161.8% fibonacci extension, moving average 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.