NZDUSD, H4 is bouncing from our Pivot point. Potential for rise!
Description:
Price is bouncing from our Pivot point of 0.71000, which is in line with 78.6%, -27% Fibonacci retracement, 88% Fibonacci extension and horizontal graphical overlap. A potential rise from here towards our first resistance level of 0.71854, in line with 50% Fibonacci retracement, 127% fibonacci extension and ascending trendline resistance. Please note that price has broken out of the ascending trendline and a retest could potentially happen, in line with our short-term bullish analysis.
Pivot: 0.71000
Why we like it:
78.6%, -27% Fibonacci retracement, 88% Fibonacci extension and horizontal graphical overlap
1st Support: 0.70425
Why we like it:
-61.8% Fibonacci retracement, 127% Fibonacci extension and horizontal swing low support.
1st Resistance: 0.71854
Why we like it:
50% Fibonacci retracement, 127% fibonacci extension and ascending trendline resistance.
Trading FX & CFDs carries high risk.
Price is bouncing from our Pivot point of 0.71000, which is in line with 78.6%, -27% Fibonacci retracement, 88% Fibonacci extension and horizontal graphical overlap. A potential rise from here towards our first resistance level of 0.71854, in line with 50% Fibonacci retracement, 127% fibonacci extension and ascending trendline resistance. Please note that price has broken out of the ascending trendline and a retest could potentially happen, in line with our short-term bullish analysis.
Pivot: 0.71000
Why we like it:
78.6%, -27% Fibonacci retracement, 88% Fibonacci extension and horizontal graphical overlap
1st Support: 0.70425
Why we like it:
-61.8% Fibonacci retracement, 127% Fibonacci extension and horizontal swing low support.
1st Resistance: 0.71854
Why we like it:
50% Fibonacci retracement, 127% fibonacci extension and ascending trendline 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.