#NZDUSD approaching pivot, potential for a drop!
Price is reacting below our pivot level at 0.6821 which is in line with 38.2% Fibonacci retracement level, 61.8% Fibonacci extension level & horizontal overlap support. Price can potentially take support at 0.65001, which is in line with 50.0% Fibonacci retracement level, 78.6% Fibonacci extension level & horizontal overlap support. Alternatively, price may rise up to our resistance at 0.70754, which coincides with 78.6% Fibonacci retracement level, 78.6% Fibonacci extension level & horizontal overlap resistance . This is further supported by how price is now holding below the Ichimoku cloud resistance.
Pivot:
0.68210
Why we like it:
38.2% Fibonacci retracement level, 61.8% Fibonacci extension level & horizontal overlap support
1st Support:
0.65001
50.0% Fibonacci retracement level, 78.6% Fibonacci extension level & horizontal overlap support
1st Resistance:
0.70754
78.6% Fibonacci retracement level, 78.6% Fibonacci extension level & horizontal overlap resistance
Trading FX & CFDs carries high risk.
Pivot:
0.68210
Why we like it:
38.2% Fibonacci retracement level, 61.8% Fibonacci extension level & horizontal overlap support
1st Support:
0.65001
50.0% Fibonacci retracement level, 78.6% Fibonacci extension level & horizontal overlap support
1st Resistance:
0.70754
78.6% Fibonacci retracement level, 78.6% Fibonacci extension level & horizontal overlap 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.