NZDUSD, H4 is above our Pivot. Potential for a rise.
Price is above our Pivot point of 0.72802, which is in line with 61.8% Fibonacci retracement, 100% fibonacci extension and horizontal graphical overlap. A potential for rise from here towards our first resistance level of 0.73713, in line with the 88% fibonacci extension and 61.8% fibonacci retracement.
Description:
Pivot: 0.72802
Why we like it:
61.8% Fibonacci retracement, 100% fibonacci extension and horizontal graphical overlap.
1st Support: 0.72297
Why we like it:
127%, 78.6% fibonacci retracement and horizontal graphical overlap.
1st Resistance: 0.73713
Why we like it:
88% fibonacci extension and 61.8% fibonacci retracement
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