NZDUSD, H4 is bouncing our Pivot. Potential for a rise.
Price is bouncing from our Pivot point of 0.71625, which is in line with 78.6% Fibonacci retracement,127% fibonacci extension and horizontal graphical overlap. A potential rise from here towards our first resistance level of 0.72118, in line with the 78.6% fibonacci retracement and 61.8% fibonacci extension.
Description:
Pivot: 0.71625
Why we like it:
78.6% Fibonacci retracement,127% fibonacci extension and horizontal graphical overlap
1st Support: 0.71281
Why we like it:
161.8% fibonacci extension and horizontal swing low support.
1st Resistance: 0.72118
Why we like it:
78.6% fibonacci retracement and 61.8% fibonacci extension
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