NZDUSD, H4 is bouncing from our Pivot point. Potential for rise
Description:
Price is bouncing from our Pivot point of 0.72345, which is in line with 23.6%, 61.8%, 127% Fibonacci retracement and horizontal graphical overlap support. A potential rise from here towards our first resistance level of 0.72895, in line with -27%, 88% Fibonacci retracement, 61.8%, 100% fibonacci extension and horizontal swing high resistance. Please note that price is trending above the moving average, in line with our bullish view.
Pivot: 0.72345
Why we like it:
23.6%, 61.8%, 127% Fibonacci retracement and horizontal graphical overlap support
1st Support: 0.71788
Why we like it:
50%, 23.6%, 88%, 88% Fibonacci retracement and horizontal swing low support.
1st Resistance: 0.72895
Why we like it:
-27%, 88% Fibonacci retracement, 61.8%, 100% fibonacci extension and horizontal swing high resistance
Trading FX & CFDs carries high risk.
Price is bouncing from our Pivot point of 0.72345, which is in line with 23.6%, 61.8%, 127% Fibonacci retracement and horizontal graphical overlap support. A potential rise from here towards our first resistance level of 0.72895, in line with -27%, 88% Fibonacci retracement, 61.8%, 100% fibonacci extension and horizontal swing high resistance. Please note that price is trending above the moving average, in line with our bullish view.
Pivot: 0.72345
Why we like it:
23.6%, 61.8%, 127% Fibonacci retracement and horizontal graphical overlap support
1st Support: 0.71788
Why we like it:
50%, 23.6%, 88%, 88% Fibonacci retracement and horizontal swing low support.
1st Resistance: 0.72895
Why we like it:
-27%, 88% Fibonacci retracement, 61.8%, 100% fibonacci extension and horizontal swing high resistance
Trading FX & CFDs carries high risk.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.