#NZDUSD is at pivot, potential for a drop
Price is reacting below our pivot level at 0.69373 which is in line with 38.2% Fibonacci retracement level. Price could potentially drops towards support at 0.68689 which is in line with 127.2% Fibonacci retracement level and 200% Fibonacci extension.
Alternatively, price may swing towards resistance at 0.69844, which coincides with 61.8% Fibonacci retracement level and 127.2% Fibonacci extension level.
Pivot:
0.69373
Why we like it:
38.2% Fibonacci retracement level
1st Support:
0.68689
127.2% Fibonacci retracement level and 200% Fibonacci extension
1st Resistance:
0.69844
61.8% Fibonacci retracement level and 127.2% Fibonacci extension level
Trading FX & CFDs carries high risk.
Alternatively, price may swing towards resistance at 0.69844, which coincides with 61.8% Fibonacci retracement level and 127.2% Fibonacci extension level.
Pivot:
0.69373
Why we like it:
38.2% Fibonacci retracement level
1st Support:
0.68689
127.2% Fibonacci retracement level and 200% Fibonacci extension
1st Resistance:
0.69844
61.8% Fibonacci retracement level and 127.2% Fibonacci extension level
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.