NZDUSD, H4 is testing our Pivot. Potential for a bounce.
Price is testing our Pivot point of 0.72664, which is in line with 23.6%, 127% Fibonacci retracement, 50% fibonacci extension and horizontal graphical overlap. A potential rise from here towards our first resistance level of 0.73646, in line with the 78.6% fibonacci retracement and 88.6% fibonacci extension. Do note that price is trending above the moving average, in line with our bullish analysis.
Description:
Pivot: 0.72664
Why we like it:
23.6%, 127% Fibonacci retracement, 50% fibonacci extension and horizontal graphical overlap
1st Support: 0.71914
Why we like it:
61.8% fibonacci retracement, moving average support and horizontal swing low
1st Resistance: 0.73646
Why we like it:
78.6% fibonacci retracement and 88.6% fibonacci extension
Trading FX & CFDs carries high risk.
Description:
Pivot: 0.72664
Why we like it:
23.6%, 127% Fibonacci retracement, 50% fibonacci extension and horizontal graphical overlap
1st Support: 0.71914
Why we like it:
61.8% fibonacci retracement, moving average support and horizontal swing low
1st Resistance: 0.73646
Why we like it:
78.6% fibonacci retracement and 88.6% fibonacci extension
Trading FX & CFDs carries high risk.
כתב ויתור
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