NZDUSD H4 below pivot, potential for dropPrice is reacting below pivot level at 0.70477 which is in-line with 78.6% Fibonacci retracement level and descending trendline resistance. Price could potentially drop towards support at 0.70026, which is in-line with 78.6%, 61.8% Fibonacci retracement and ascending trendline support. If price bounces above, it could potentially swing towards resistance at 0.70620, in-line with 78.6% Fibonacci retracement level and 100% Fibonacci extension level.
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