NZDUSD facing bullish pressure | 27 Apr 2021
Prices are facing bullish pressure from ascending trendline support and horizontal pullback support, in line with 50% FIbonacci retracement and 61.8% Fibonacci extension. Prices might push up further towards 1st resistance in line with horizontal swing high resistance, 127.2% Fibonacci retracement and 161.8% Fibonacci extension. If prices fall through 1st support, prices might take support from horizontal swing low support in line with 78.6% Fibonacci extension and 61.8% Fibonacci retracement. Ichimoku cloud is also below prices, showing a bullish pressure for prices.
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