NZDUSD, H4 is bouncing from our Pivot point. Potential for furth
Description:
Price is bouncing from our Pivot point of 0.72764, which is in line with 23.6%, 50% Fibonacci retracement, 78.6% Fibonacci extension and horizontal graphical overlap. A potential rise from here towards our first resistance level of 0.73595, in line with -27% Fibonacci retracement and 127% fibonacci extension. Please note that price is trending above the Ichimoku cloud and ascending trendline, in line with our bullish view.
Pivot: 0.72764
Why we like it:
23.6%, 50% Fibonacci retracement, 78.6% Fibonacci extension and horizontal graphical overlap
1st Support: 0.72351
Why we like it:
50%, 78.6% Fibonacci retracement, 78.6% Fibonacci extension and horizontal graphical overlap.
1st Resistance: 0.73595
Why we like it:
50% Fibonacci retracement, 50%, 100% fibonacci extension and horizontal graphical overlap.
Trading FX & CFDs carries high risk.
Price is bouncing from our Pivot point of 0.72764, which is in line with 23.6%, 50% Fibonacci retracement, 78.6% Fibonacci extension and horizontal graphical overlap. A potential rise from here towards our first resistance level of 0.73595, in line with -27% Fibonacci retracement and 127% fibonacci extension. Please note that price is trending above the Ichimoku cloud and ascending trendline, in line with our bullish view.
Pivot: 0.72764
Why we like it:
23.6%, 50% Fibonacci retracement, 78.6% Fibonacci extension and horizontal graphical overlap
1st Support: 0.72351
Why we like it:
50%, 78.6% Fibonacci retracement, 78.6% Fibonacci extension and horizontal graphical overlap.
1st Resistance: 0.73595
Why we like it:
50% Fibonacci retracement, 50%, 100% fibonacci extension and horizontal graphical overlap.
Trading FX & CFDs carries high risk.
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