NZDUSD has reversed from our Pivot point. Potential for a drop
Description:
Price has reversed from our Pivot point of 0.71820, which is in line with 50%, 61.8% Fibonacci retracement, 61.8% Fibonacci extension and horizontal graphical resistance. A potential drop from here towards our first support level of 0.71316, in line with 78.6% fibonacci retracement, 100% fibonacci extension and horizontal swing low support. Please note that price is trending under the descending trendline, showing bearish pressure.
Pivot: 0.71820
Why we like it:
50%, 61.8% Fibonacci retracement, 61.8% Fibonacci extension and horizontal graphical resistance
1st Support: 0.71316
Why we like it:
78.6% fibonacci retracement, 100% fibonacci extension and horizontal swing low support
1st Resistance: 0.72177
Why we like it:
78.6% Fibonacci retracement, 88% fibonacci extension and horizontal graphical resistance.
Trading FX & CFDs carries high risk.
Price has reversed from our Pivot point of 0.71820, which is in line with 50%, 61.8% Fibonacci retracement, 61.8% Fibonacci extension and horizontal graphical resistance. A potential drop from here towards our first support level of 0.71316, in line with 78.6% fibonacci retracement, 100% fibonacci extension and horizontal swing low support. Please note that price is trending under the descending trendline, showing bearish pressure.
Pivot: 0.71820
Why we like it:
50%, 61.8% Fibonacci retracement, 61.8% Fibonacci extension and horizontal graphical resistance
1st Support: 0.71316
Why we like it:
78.6% fibonacci retracement, 100% fibonacci extension and horizontal swing low support
1st Resistance: 0.72177
Why we like it:
78.6% Fibonacci retracement, 88% fibonacci extension and horizontal graphical resistance.
Trading FX & CFDs carries high risk.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.