NZDUSD is approaching our Pivot point, potential for a rise

Price is approaching our Pivot point at 0.70121 which is in line with our 161.8% Fibonacci extension, 61.8% Fibonacci retracement and horizontal pullback support. We could potentially see price rise towards our 1st resistance level at 0.70524. It is worth noting that the Ichimoku cloud and ascending trendline is showing bullish pressure in line with our analysis.

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